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Investment signal

$789,000

720 6328 NO. 3 ROAD

Beds

2

Baths

2

Sqft

Year

2022

About this home

Best Location!!! Welcome to Paramount - located in central Richmond and just step away from Skytrain station. Exclusive Junior 2 beds (1 bed with window) features 761' . with a spacious balcony, 1 parking. Luxury finishes throughout such as A/C, premium German Miele appliances, European cabinetry and quartz countertops in the kitchen. Enjoy access to luxury amenities including concierge, outdoor lounge, club house, fitness center, games room and so much more. With world-class shopping, top-rated schools, restaurants, everyday essentials just moments away from this prime location. Excellent investment opportunity! Very motivated seller, try your offer! (id:65958)

Subtype
Single Family
Architectural style
5 Level
MLS#
R3049687
Area
RICHMOND
Negative cash flow ~$1,548/mo at these assumptions

Cash on cash

-11.77%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,579

Financing

Down payment$157,800
Loan amount$631,200
Mortgage$3,872/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$362
Insurance$80
Maintenance$658
CapEx reserve$329
Vacancy loss$198

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,872/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.

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