8120 Colonial Drive

General property description

Welcome to Cherry Tree Place! This affordable 1-bedroom condo offers 523 sq ft of comfortable living in a quiet, family-friendly community in Richmond’s Boyd Park. Featuring laminate flooring, and in-suite laundry, this upper-level unit is bright and well-kept with a functional layout and peaceful views of surrounding greenery. Enjoy access to outdoor pool, playground, and nearby walking trails. Rentals allowed, low strata fees, and 1 parking. Just steps to transit, schools, shopping, and the Grauer Neighborhood School Park nearby. Perfect for first-time buyers or investors!

Mortgage estimate

Using listing data

Est. monthly total

$2,206

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$1,665

Property tax

$93

Strata fee

$297

P&I

Tax

Strata

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Stress test this mortgage

Get Pre-Approved

Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.

Jessica Kuan

Senior Partner, Residential Mortgage Broker

Clear Trust Signature MortgagesGet pre-approved

This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $72,000 down (20%) on $360,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.