311 - 8120 Colonial Drive, Richmond, V7C 4V2 — photo 1

$399,000

311 - 8120 Colonial Drive, Richmond, V7C 4V2
Active
2 Bedrooms 1 Bathrooms 683 sqft Built 1977 Residential
1 Listing Signal Detected
Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Discover this quiet and bright 2-bedroom home in Cherry Tree Place, perfectly situated near schools and parks. Overlooking the scenic Railway Greenway walking trail, this home offers a peaceful setting with a functional layout and the convenience of in-suite laundry. With a low maintenance fee, it's an excellent starter home ready for your renovation and design ideas. Make it your own and enjoy the perfect blend of comfort and potential!

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Property Details

MLS #

R3073952

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Freehold Strata

Zoning

ZLR28

Bedrooms

2

Full Baths

1

Half Baths

0

Kitchens

1

Living Area

683 sqft

Main Floor

683 sqft

Year Built

1977

Age

49 years

Roof

Asphalt

Construction

Frame Wood, Mixed (Exterior)

Structure

Multi Family, Residential Attached

Parking Stalls

1

Parking Type

Open, Guest, Front Access

Original Price

$399,000

Strata Fee

$388.43/mo

Taxes

$1,548.64/yr

Listed

2025-12-15

MLS Area

Boyd Park

City

Richmond

Postal Code

V7C 4V2

Subdivision

Cherry Tree Place

Features & Finishes

Heating

Baseboard · Electric

Flooring

Wall/Wall/Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove

Laundry

In Unit

Windows

Window Coverings

Exterior Features

Balcony

Building & Community

Total Units

198

Pets

No Cats, No Dogs, No

Restrictions

Pets Not Allowed,Rentals Allwd w/Restrctns

Strata Mgmt Co.

DORSET REALTY GROUP CANADA LTD

Strata Mgmt Phone

604-270-1711

Transit

Nearby

Schools

Nearby

Lot Features

Central Location, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer

Utilities

Electricity Connected, Natural Gas Connected, Water Connected

Pool

Outdoor Pool

Community

Shopping Nearby

Building Amenities

Caretaker · Trash · Maintenance Grounds · Management · Recreation Facilities

Disclosures

Property Disclosure

Yes

Coordinates: 49.153529, -123.170696 · Map data © Google

8.5

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market25% below market $/sqft
Days on market140 days — significantly stale, strong negotiation position
Price historyNo price reduction — seller firm on price
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$372,628

6.6% below asking price

Negotiation Range

$362,653$378,613

$15,960 spread

$362,653$399,000 ask

Based on 13 recent sales, a starting offer around $372,628 (6.6% below ask) is reasonable. Your negotiation range is $362,653 – $378,613.

What's factored in

Market baseline13 recent Richmond sales closed at median 95.2% of list price
Extended market time140 days listed — well above market avg of 158 days, increased negotiation leverage

Based on 13 residential sales in Richmond (last 60 days) · Updated May 4

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