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Primary Property View
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Tertiary Property View
Exceptional Property

8540 CITATION Drive, Richmond

$334,900
null Bedrooms
1 Bathrooms
450 sqft

Property Highlights

Distinctive Features That Set This Property Apart

Property Type

Single Family

Style

Apartment

Year Built

1979

Square Footage

450 square feet

Bedrooms

N/A

Bathrooms

1 Bathroom

Distinguished Features

Property Overview

A Closer Look at This Distinguished Residence

Fantastic Opportunity in a Prime Location! Welcome to this charming studio apartment in the heart of Richmond, offering an incredible blend of comfort and convenience. This unit has been thoughtfully renovated to include a sleek, brand-new kitchen with modern appliances, perfect for any home chef. The bathroom has also been beautifully updated with...

MLS Number

R3045911

Listed By

Royal LePage Global Force Realty

Last Updated

Sep 15, 2025, 4:10 p.m.

Data Source

CREA

All information provided is deemed reliable but is not guaranteed and should be independently verified.
Agent's Insight

Property Specifications

Comprehensive Details of This Fine Residence

Property Specifications

Property Type
Single Family
Architectural Style
Apartment
Year Built
1979
Square Footage
450

Climate Control & Utilities

Heating System
Hot Water

Exterior & Surroundings

Swimming Pool
Outdoor pool

Additional Amenities

Refrigerator, Dishwasher, Stove

Information deemed reliable but not guaranteed. Buyers should verify all property details.

Property Provenance

Historical Timeline of This Distinguished Address

Property Timeline

Historical transactions and listing information

Property image
32
New
MLS# R3027179
List Date
Jul 15, 2025, 9:04 p.m.
List Price
$479,000
Property Type
Sale
Bedrooms
2
Bathrooms
1
Property image
20
New
MLS# R3045911
List Date
Sep 10, 2025, 4:59 p.m.
List Price
$334,900
Property Type
Sale
Bathrooms
1
Property image
35
New
MLS# R3029340
List Date
Jul 22, 2025, 12:59 a.m.
List Price
$399,900
Property Type
Sale
Bedrooms
1
Bathrooms
1
Property image
32
New
MLS# R3016192
List Date
Jun 16, 2025, 10:41 p.m.
List Price
$499,000
Property Type
Sale
Bedrooms
2
Bathrooms
1
Property image
21
New
MLS# R2963112
List Date
Feb 4, 2025, 12:55 a.m.
List Price
$499,000
Property Type
Sale
Bedrooms
2
Bathrooms
1

Financial Planning

Tools to Help You Plan Your Investment

Mortgage Financing Calculator

Calculate your monthly mortgage payments and visualize your investment over time.

$
300,000
$
20%
% p.a.

Monthly Payment

$0
Per Month
Mortgage Details
Loan Amount
$240,000
Total Interest
$0
Total Payments
$0
Loan-to-Value Ratio
80%
Total Number of Payments
360
Financial Insight

Your 20%+ down payment typically eliminates the need for private mortgage insurance, potentially saving you thousands over the life of your loan.

This calculator provides an estimate only. Your actual mortgage terms may vary based on credit history, lender requirements, and other factors.

Investment Cash Flow Analysis

Analyze your property's financial performance by tracking income and expenses to calculate net cash flow.

Total Income
$4,300/monthly
2 income sources
Total Expenses
$2,530/monthly
3 expense items
Net Cash Flow
$1,770/monthly
Positive investment return

Cash Flow Analysis

This property generates a positive cash flow of $1,770 per monthly. Consider reinvesting this surplus to enhance property value, build reserves for maintenance, or diversify your investment portfolio.

Income Sources

Rental Income
monthly
$3,500
Investment Returns
monthly
$800
Add New Income
$

Expense Items

Mortgage
monthly
$1,800
Property Tax
monthly
$450
Property Management
monthly
$280
Add New Expense
$
This calculator provides an estimate only. Actual investment returns may vary based on market conditions and unforeseen expenses.

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