721 8988 Patterson Rd, Richmond BC - Apartment/Condo for Sale - MLS# R3034929

$858,000
Est. Mortgage $3,796/mo
3 Beds
2 Baths
987 sqft
869 $ /sqft
780 $ Maint. fee
2017 built
7.5% price reduction
$858,000
$928,000
Est. $3,796/mo with 20% down
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Photos

Property Details for 721 8988 Patterson Road

7.5% price reduction

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.

Interior Features

Basement Finished Area (sqft) 0
Basement Features None
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features Elevator
Heating Type Heat Pump
Cooling Air Conditioning
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Tile, Carpet
Foundation Block, Concrete Perimeter

Exterior Features

Exterior Features Garden, Balcony
View Description MOUNTAIN
Roof Other
Structures Multi Family, Residential Attached

Building Details

Price $858,000
Total Bedrooms 3
Total Bathrooms 2
Full Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 987
Year Built 2017
Age Of Building 9
Building Type Apartment/Condo
Property Type Residential
Stories 1
Building Amenities Clubhouse, Exercise Centre, Recreation Facilities, Concierge, Caretaker, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Ownership Type Freehold Strata
Maintenance Fee $780
Community Features Shopping Nearby
Amenities Nearby Clubhouse, Exercise Centre, Recreation Facilities, Concierge, Caretaker, Maintenance Grounds, Gas, Hot Water, Management, Snow Removal, Water
Utility Type Community, Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Septic Tank
Water (WaterSource) Public
Parking Type Garage Single, Rear Access, Side Access, Concrete, Garage Door Opener
Total Parking Spaces 1
Strata Restrictions Pets Allowed w/Rest.,Rentals Allwd w/Restrctns
Pet Restrictions Yes With Restrictions
Rental Suites None

Lot & Land

MLS® # R3034929
Area Richmond
Neighbourhood West Cambie
City Richmond
Postal Code V6X 0R2
Gross Taxes $2,963.79
Zoning 1 220

Property Timeline

Status Date Price
R3034929 / Active 08-01-2025 $858,000
Rooms
Floor Type Dimensions
Main Level Bedroom 9'4 x 9'4 ft
Main Level Bedroom 9'8 x 9'8 ft
Main Level Bedroom 9'7 x 9'7 ft
Main Level Dining Room 9'4 x 9'4 ft
Main Level Kitchen 22'6 x 22'6 ft
Main Level Living Room 12'6 x 12'6 ft
Main Level Bar Room 7'10 x 7'10 ft
Main Level Bar Room 7'5 x 7'5 ft
Bathrooms
Floor Ensuite Pieces
Main Level No #5
Main Level No #3

Listed by: Magsen Realty Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Secondary
A.R. MacNeill Secondary School
2.96 km
Elementary
R. C. Talmey Elementary School
Average
0.58 km
5.2/10
Elementary
R. C. Talmey Elementary School
0.58 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Pythagoras Academy
0.94 km
Secondary
City Vancouver Academy
0.75 km

Closest Transit

Bus Stop
Northbound Garden City Rd @ Capstan Way
0.2 km
Skytrain
Skytrain @ Bridgeport Stn
0.66 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
33.8%
No Certificate/Degree
Average
12.9%
Owner Occupied
Below Average
54.8%
Employment Rate
Below Average
52.2%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Possible
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

48 / 100
Overall sell-speed score
Moderate pace expected
B
Price competition grade
Avg comparable: $858,000
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Unlikely — 0.66 km from station
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Possible — near airport
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
No — not in ALR
How WEST CAMBIE compares
This property
343 DOM
Slower than area
West Cambie avg
54 DOM
Average
Richmond avg
54 DOM
Faster market

721 8988 Patterson Road has a sell-speed score of 48/100, placing it in the "Expected to sell at a moderate pace" band. The listing is priced in line with comparable active properties in West Cambie. The local market is currently a Buyer's Market with a sales-to-active ratio of 11.4% and an area average of 54 days on market — buyers have more leverage. With only 775 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.

Climate Risk for V6X 0R2

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6X 0R2, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Vancouver International Airport #2, Richmond (~2 km). Annual avg AQHI 2.2 — Low Risk.

Heat Low

Richmond currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Typical for region

Annual precipitation ~1117 mm (1981–2010 baseline), projected ~1159 mm by the 2050s. Extreme 1-day rainfall: ~39.9 mm baseline, ~44.4 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~25 days baseline, ~27 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Schools NearBy

School Type Grades Served Catchment Info Rating Distance
Schools Near 721 8988 Patterson Road

Pre-computed routes from 721 8988 Patterson Rd, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via Bridgeport → Waterfront
    30 min
  • Metrotown, Burnaby via Bridgeport → Metrotown
    48 min
  • SFU Burnaby via Bridgeport → Production Way
    55 min
  • Richmond Centre via Bridgeport → Brighouse
    17 min
  • YVR Airport via Bridgeport → YVR-Airport
    18 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    13 min
  • Metrotown, Burnaby via Lougheed Hwy
    12 min
  • SFU Burnaby via Gaglardi Way
    20 min
  • Richmond Centre via No. 3 Rd
    3 min
  • YVR Airport via Bridgeport / Sea Island
    5 min

Calculate your commute

721 8988 Patterson Rd, Richmond, BC is ideally located for commuters. The property is 0.7 km from Bridgeport, with a 30 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound Garden City Rd @ Capstan Way (0.2 km). Walk Score Transit rating: Excellent Transit (74/100).

Walkability & Transit Near 721 8988 Patterson Road

Walk Score Badge
Car-Dependent 81

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 74

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

Mortgage Calculator for 721 8988 Patterson Road

/month
Principal & Interest
Property Taxes $247
Maintenance fee 0
With a 20% down payment, buyers can expect an estimated $4,304/month in total housing costs on this $858,000 property — $3,277 mortgage payment, $247 property tax, $780 maintenance fee.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
Based on $2,993/month estimated rent and $4,358/month in total housing costs, this property has a -$1,366/month cashflow. Break-even down payment: approximately 54%.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Price vs Neighbourhood Average — West Cambie, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $858,000
Richmond Loading...
West Cambie Loading...

Based on 4 comparable active apartments/condos in West Cambie, the average asking price is $843,333. This listing is priced 1.7% above the neighbourhood average. This property is flagged as a Hot Deal (7.5% price reduction) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Agent & Brokerage

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near 721 8988 Patterson Road

Walk Score Badge
Car-Dependent 81

Walk Score - Very Walkable

Most errands can be accomplished on foot
Transit Score Badge
Some Transit 74

Transit Score - Excellent Transit

Transit is convenient for most trips
Bike Score Badge
Somewhat
Bikeable
77

Bike Score - Very Bikeable

Biking is convenient for most trips

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