About This Property
Stabilized FREEHOLD INVESTMENT opportunity along Richmond's Golden Corridor! 18,212 sq.ft lot with 148' of frontage along No. 3 Rd and across the street from Aberdeen Station on the Canada Line. OCP designated for high density (up to 3.0 FSR) as part of "Aberdeen Village Urban Centre T5", zoned for a wide range of COMMERCIAL uses. Land is currently leased long term until 2091 (65 remaining years) to the Radisson Hotel and partially subletted to BMO. Purchaser to assume the existing triple net lease (including multiple escalation clauses) providing a stable return while owning a prime parcel for future redevelopment. The yearly net income for 2026 is approx. $135,000. (id:64973)
At $236 per square foot, this Richmond property is priced competitively compared to the city's average land value of $250-$300 per square foot. Given the property's prominent location along the Canada Line and zoning for high-density commercial uses, the asset is well-suited for investors or developers seeking a stable, long-term play in Richmond's thriving business district.
Property Details
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