Apartment for sale
407 8120 Colonial Drive, Boyd Park, Richmond
$449,000
Features
Style
1 Storey
Year Built
1977
Floor Area
687 sqft
Parking Spaces
1
Amenities
In Suite Laundry, Pool; Outdoor
Bylaws Restriction
Pets Not Allowed, Rentals Allwd W/Restrctns
Property Taxes
1,342 $ (2024)
Maintenance Fees
388 $ per month
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.
MLS® Number R3004514