6340 No. 1 Road

Richmond, BC V7C1T3

About this property

RARE DEVELOPMENT OPPORTUNITY IN WEST RICHMOND! Exceptional 10,642 sq.ft. rectangular lot with 67.7 ft frontage, directly beside Thompson Elementary Park. Potential to build TWO DETACHED HOMES with a combined floor area of approx. 5,846 sq.ft. (2,923 sq.ft. each). Each home could include a legal secondary suite, offering up to FOUR living units, subject to City approval. Existing home features 3 beds/2 baths upstairs and 3 beds/1 bath downstairs, with separate kitchens, generating nearly $5,000/month in rental income. Excellent holding property with outstanding redevelopment potential. Close to schools, shopping and transit. Build, invest or hold! Buyer to verify development potential with City of Richmond. School Catchment: Thompson Elementary & Burnett Secondary. (id:13843)

About this property

RARE DEVELOPMENT OPPORTUNITY IN WEST RICHMOND! Exceptional 10,642 sq.ft. rectangular lot with 67.7 ft frontage, directly beside Thompson Elementary Park. Potential to build TWO DETACHED HOMES with a combined floor area of approx. 5,846 sq.ft. (2,923 sq.ft. each). Each home could include a legal secondary suite, offering up to FOUR living units, subject to City approval. Existing home features 3 beds/2 baths upstairs and 3 beds/1 bath downstairs, with separate kitchens, generating nearly $5,000/month in rental income. Excellent holding property with outstanding redevelopment potential. Close to schools, shopping and transit. Build, invest or hold! Buyer to verify development potential with City of Richmond. School Catchment: Thompson Elementary & Burnett Secondary. (id:13843)

Features and Additional Information

Schedule a Tour
It's free and no obligation

Schedule a Private Showing

$1,958,000 Active
6 Bed(s)
3
Baths
2,566 sqft

Presented By Trevor Docherty, Broker/Owner

Agent Image
Get in touch today! Phone: 1-705-787-5060
Brokerage
eXp Realty
1-833-817-6506
Curious to find out what your home is worth?
Get My Home's Worth arrow_forward

Area Information

| County |

$ 1,958,000
This listing is play_arrow 12.1% lower than the average in the area
$ 2,228,000 in the area
2,566 SqFt
This listing is play_arrow 23.6% smaller than the average in the area
3,360 SqFt in the area
$ 763 $/SqFt
This listing is play_arrow 11.9% more than the average in the area
$ 682 $/SqFt in the area
22 days on site
This listing is play_arrow 27.9% below the average in the area
31 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
  • turned_in
    Middle School
  • turned_in
    High School

Want to See More Listings in the Area?

Listed By Sarah Zhang
Brokerage: eXp Realty

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Trevor Docherty

By submitting, you agree to receive promotional texts and/or calls from Sutton at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.