6340 No 1 Rd, Richmond, BC V7C 1T3

$1,958,000
6
BD
3
BA
2,566
SqFt

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List Price
$1,958,000
Status
ACTIVE
MLS® #
R3174035
Year Built
1953
Subtype
Single Family Residence
Stories
2
Bedrooms
6
Total baths
3
Living Area
2,566
Area
Richmond
Community
Riverdale RI

Property Description

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.

Additional Information

Lot Size
10,642
Levels
Two
Acres
0.24
Fireplaces
1
Region
Richmond
Title To Land
Freehold NonStrata

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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.