10551 BRIDGEPORT ROAD, Richmond
$1,279,000
This 7,508 sqft property in Richmond is a detached single-family home on a lot the new rules make suitable for a multiplex. Richmond applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Richmond's flat, regular lots often make the layout simpler than in hillier cities.
An exceptional opportunity for investors or homeowners looking to offset their mortgage by living in one suite while generating rental income from the other two. Situated on an approx 7,500 sqft lot, the property is currently zoned to allow for a single-family home or up to four dwelling units, offering excellent future development potential. Ideally located with quick access to the Oak and Knight Street bridge, and just minutes from shopping, Vancouver International Airport, and the Canada Line SkyTrain. Enjoy nearby riverside walking trails and everyday conveniences. There is also potential for future rezoning to smaller lots in conjunction with neighboring properties, adding further long-term value. An outstanding holding property with stable, positive rental income.
How this price compares
This lot asks $170 per square foot of lot. That is 25% below the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 32 of 202 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,279,000
- Lot size
- 7,508 sqft
- Lot dimensions
- 57 x 132.00
- Frontage
- 57 ft
- Bedrooms
- 3
- Bathrooms
- 3
- Year built
- 1979
- Zoning
- RSM/L
- MLS® area
- Bridgeport RI
- MLS® number
- R3149136
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-07-25.