721 - 8988 Patterson Road, Richmond, V6X 0R2 — photo 1

$858,000

721 - 8988 Patterson Road, Richmond, V6X 0R2
Active
3 Bedrooms 2 Bathrooms 987 sqft Built 2017 Residential
1 Listing Signal Detected
Tenant OccupiedNote

BC tenancy law requires proper notice periods. Confirm tenant status and end-of-tenancy timelines with your agent.

About This Property

Rare Opportunity in Concord Gardens!!! This owner occupied unit has never been rented out and kept in very good condition. It offers 3 bedrooms with high-end appliances, quartz countertops, marble tile backsplash, Kohler & Grohe plumbing fixtures. This Community surrounded by water, garden landscaping and walking trails. Amenities-"The Diamond Club" includes: indoor swimming pool. Sauna/steam room, hot tub, basketball court, badminton court, bowling alley, gym, yoga room, movie theatre, library.. Minutes walking distance to Public transit , restaurants , supermarkets . This location is incredibly convenient, just steps away from supermarket, the new Capstan Skytrain station, restaurants, & more.

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Property Details

MLS #

R3034929

Status

Active

Type

Residential

Sub-type

Apartment/Condo

Ownership

Freehold Strata

Zoning

1 220

Bedrooms

3

Full Baths

2

Half Baths

0

Kitchens

1

Living Area

987 sqft

Main Floor

987 sqft

Stories

18

Year Built

2017

Age

9 years

Roof

Other

Construction

Concrete, Concrete (Exterior), Glass (Exterior), Metal Siding

Structure

Multi Family, Residential Attached

Parking Stalls

1

Garage Spaces

1

Parking Type

Garage Single, Rear Access, Side Access, Concrete, Garage Door Opener

Facing

Northeast

Original Price

$928,000

Strata Fee

$780/mo

Taxes

$2,963.79/yr

Listed

2025-08-01

MLS Area

West Cambie

City

Richmond

Postal Code

V6X 0R2

Features & Finishes

Heating

Heat Pump

Cooling / A/C

Air Conditioning

Flooring

Laminate · Tile · Carpet

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove · Microwave

Laundry

In Unit

Security

Smoke Detector(s) · Fire Sprinkler System

Windows

Window Coverings

Interior Features

Elevator

Exterior Features

Garden · Balcony

Building & Community

Pets

Yes With Restrictions

Restrictions

Pets Allowed w/Rest.,Rentals Allwd w/Restrctns

Strata Mgmt Co.

RANCHO

View

MOUNTAIN

Lot Features

Central Location, Recreation Nearby

Water Source

Public

Sewer

Public Sewer, Sanitary Sewer, Septic Tank

Utilities

Community, Electricity Connected, Natural Gas Connected, Water Connected

Pool

Indoor

Community

Shopping Nearby

Building Amenities

Clubhouse · Exercise Centre · Recreation Facilities · Concierge · Caretaker · Maintenance Grounds · Gas · Hot Water · Management · Snow Removal · Water

Disclosures

Property Disclosure

Yes

Coordinates: 49.189920, -123.125729 · Map data © Google

7.0

Good Value

Deal Score out of 10

Priced competitively with some negotiation potential.

Value vs market12% above market $/sqft
Days on market276 days — significantly stale, strong negotiation position
Price historyPrice dropped 8% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$796,741

7.1% below asking price

Negotiation Range

$775,291$809,611

$34,320 spread

$775,291$858,000 ask

Based on 13 recent sales, a starting offer around $796,741 (7.1% below ask) is reasonable. Your negotiation range is $775,291 – $809,611.

What's factored in

Market baseline13 recent Richmond sales closed at median 95.2% of list price
Price already reducedSeller dropped from 8% off original ask — indicates motivation
Extended market time276 days listed — well above market avg of 158 days, increased negotiation leverage
Above-average DOM276d vs market avg of 158d — property may have a pricing or condition issue

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

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