17260 RIVER ROAD, Richmond
$1,990,000
This 186,001.2 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.
Exceptional 4.27 acre AG1/ALR investment opportunity on Richmond’s River Road, comprising TWO SEPARATE TITLES sold together. It includes a 0.83-acre parcel with a 1,078 sq.ft. 3-bdrm, 2-bthrm home and a 3.44-acre vacant agricultural parcel. Active soil deposit approvals are in place, offering significant value and future potential (detailed permit information available upon request). AG1 zoning allows a wide range of agricultural uses. Two separate titles may offer potential for two residences, subject to City and ALC approval (buyer to verify). Services include electricity, natural gas, sanitary sewer, storm sewer, and municipal water. A rare opportunity for farmers, investors, builders, and long-term land bankers in Richmond.
How this price compares
This lot asks $11 per square foot of lot. That is 95% below the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 5 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
- $1,990,000
- Lot size
- 186,001.2 sqft
- Lot dimensions
- 354 x
- Frontage
- 354 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1970
- MLS® area
- East Richmond
- MLS® number
- R3130556
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Listing data via MLS®. Displayed for information only.