407 - 8120 Colonial Drive
Boyd Park, Richmond, BC
Details
Description
Investor Alert! Seize this exceptional investment opportunity with a Cap Rate of 4.2% in Richmond''s desirable Boyd Park neighbourhood. This 2 bedroom + den, 1 bathroom condo offers 687 sq ft of well-designed living space, making it an ideal addition to any rental portfolio. Fantastic tenants and great monthly rent ($2275) on a long term lease (fixed until May 2027) equals piece of mind. Outdoor pool and well-maintained grounds provides added value. Strong rental demand in the area means low vacancy rates and long-term appreciation. Near the West Dyke Trail, IB Hugh Boyd Secondary and Safeway. One parking included. *some photos virtually staged* OPEN HOUSE SAT May 24th from 2-4pm.
Site Influences
Location
Technical Information
| MLS® # | R3004514 |
| Property Type | Apartment |
| Dwelling Type | Apartment Unit |
| Home Style | Multi Family,Residential Attached |
| Kitchens | 1 |
| Year Built | 1977 |
| Parking | Open |
| Tax | $1,342 in 2024 |
| Strata No | NWS917 |
| Complex Name | Cherry Tree Place |
| Strata Fees | $388 |
Floor Area (sq. ft.)
| Main Floor | 687 |
| Above | 687 |
| Total | 687 |
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main | Primary Bedroom | 11''1 x 9''2 |
| Main | Bedroom | 10''1 x 7''2 |
| Main | Living Room | 10''8 x 10'' |
| Main | Dining Room | 9''11 x 7''11 |
| Main | Kitchen | 7''7 x 7''7 |
| Main | Den | 5''5 x 3''7 |
| Main | Patio | 10'' x 8'' |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main | N | 4 |
Buildings Amenities
Building Photos
Similar Apartments For Sale in Boyd Park, Richmond
| Date | Address | Bed | Bath | Kitchen | Asking Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/15/2025 | 311 8120 Colonial Drive |
2 | 1 | 1 | $399,000 | Login to View | 11 | 1 | 1977 | 683 sqft | N/A |
| 09/24/2025 | 203 9320 Parksville Drive |
2 | 1 | 1 | $495,000 | Login to View | 93 | 1 | 1978 | 868 sqft | N/A |
| 10/30/2025 | 402 9300 Parksville Drive |
2 | 1 | 1 | $499,900 | Login to View | 57 | 1 | 1977 | 916 sqft | N/A |
Recently Sold Condos In Boyd Park, Richmond
| Date | Address | Bed | Bath | Kitchen | Asking Price | Sold Price | $/Sqft | DOM | Levels | Built | Living Area | Lot Size |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/28/2025 | This Property | 2 | 1 | 1 | Login to View | ( -4.2%) | Login to View | 8 | 1 | 1977 | 687 sqft | N/A |
| 12/11/2025 |
217 8120 Colonial Drive |
1 | 1 | 1 | Login to View | ( -11.2%) | Login to View | 37 | 1 | 1977 | 528 sqft | N/A |
| 11/23/2025 |
206 8740 No. 1 Road |
3 | 2 | 1 | Login to View | ( -2.6%) | Login to View | 9 | 1 | 1976 | 1,186 sqft | N/A |
| 11/14/2025 |
217 8880 No. 1 Road |
1 | 2 | 1 | Login to View | ( -4.1%) | Login to View | 71 | 1 | 1973 | 961 sqft | N/A |
| 11/07/2025 |
104 8880 No. 1 Road |
3 | 2 | 1 | Login to View | ( -4.2%) | Login to View | 39 | 1 | 1973 | 1,152 sqft | N/A |
| 11/05/2025 |
124 8880 No. 1 Road |
3 | 2 | 1 | Login to View | ( -6.6%) | Login to View | 63 | 1 | 1973 | 1,142 sqft | N/A |
| 09/26/2025 |
102 8820 No. 1 Road |
2 | 2 | 1 | Login to View | ( -0.5%) | Login to View | 4 | 1 | 1975 | 946 sqft | N/A |
| 09/20/2025 |
103 8740 No. 1 Road |
2 | 2 | 1 | Login to View | ( -1.5%) | Login to View | 11 | 1 | 1975 | 970 sqft | N/A |
| 08/07/2025 |
309 8860 No. 1 Road |
2 | 2 | 1 | Login to View | ( -4.9%) | Login to View | 126 | 1 | 1973 | 1,165 sqft | N/A |
| 07/24/2025 |
116 8880 No. 1 Road |
2 | 2 | 1 | Login to View | ( -3.5%) | Login to View | 30 | 1 | 1973 | 942 sqft | N/A |
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouve and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.