About This Property
Looking for a great opportunity in real estate? You´ll want to consider this. Under new zoning for MULTIPLEX. This 2172 sf home on an almost 7100 sf lot with BACK LANE access offers plenty of potential. Extensive 2009 updates include interior paint, laminate/tile flooring on the lower level, kitchen, bathrooms, laundries, furnace, electrical panel, and double-glazed windows; 2020 hot water tank and 2024 main house roof. The flexible layout allows for multigenerational living or mortgage helpers. Close to Ironwood Shopping Centre, parks, and trails, with quick access to Hwy 99 toward Vancouver, Ladner, Tsawwassen, and Surrey. Near Kidd Elementary, McNair Secondary and Cornerstone private schools. Don´t miss out! Gross rental income ~$4600/m. (id:64973)
The price of $771 per square foot for this 2,172 square foot home in Richmond is slightly above the city's median of $700 per square foot, but the potential for conversion to a multiplex under the new zoning makes it a compelling value proposition for developers or investors seeking a rental property. With its flexible layout and recent renovations, this home would be well-suited for multigenerational families or those looking to incorporate mortgage helpers, capitalizing on the high demand for such living arrangements in the Richmond market.
Property Details
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