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(604) 302-8442
Real Estate Company
9720 Railway Ave, Richmond, BC V7E 2B7
- $1,990,000
- 3
- BD
- 3
- BA
- 2,706
- SqFt
- List Price
- $1,990,000
- Status
- ACTIVE
- MLS® #
- R3155514
- Days on Market
- 94
- Year Built
- 1972
- Subtype
- Single Family Residence
- Stories
- 2
- Bedrooms
- 3
- Total baths
- 3
- Living Area
- 2,706
- Area
- Richmond
- Community
- Lackner
Property Description
PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY! Exceptional 75’ x 150’ (11,248 SF) property on Richmond’s Railway Avenue arterial corridor, offering excellent rental income and multifamily redevelopment potential under existing City policies. An ideal holding property with strong rental income potential while exploring future development opportunities. Consider townhouse, multiplex or purpose-built rental development options. Qualifying multifamily rental projects may be eligible for up to 90%+ CMHC financing under MLI Select. Outstanding family location near highly ranked Jessie Wowk Elementary (9.2/10), Richmond Christian School and Steveston-London Secondary. An exceptional opportunity to generate rental income while planning future development!
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Additional Information
- Lot Size
- 11,248
- Levels
- Two
- Acres
- 0.26
- Fireplaces
- 2
- 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.