4540 NORTHEY ROAD, Richmond
$1,499,000
This 7,981 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.
Most desired affordable & great location for building a new 3,645 sf home (zoned RS1) in West Cambie.12-minute walk to Aberdeen Centre, steps away from a 6-acre school park & many multi-million-dollar homes. 7,981 sf lot (66’ x 121’). Quiet & serene family setting. Home is rented at $2,230/m on m-to-m basis to 2 tenants. This 1,557 solidly built split-level (w/ 4 bedrooms, 2 baths, 2 kitchens, 2 living & dining rooms) is in good condition with hard-wood floors upstairs, plus continuous updates (1999 vinyl windows, 2017 roof, etc.). Live in, build, or rent out & wait for future re-development opportunity.
How this price compares
This lot asks $188 per square foot of lot. That is 17% below the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 49 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
- $1,499,000
- Lot size
- 7,981 sqft
- Lot dimensions
- 66 x 121
- Frontage
- 66 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1958
- MLS® area
- West Cambie
- MLS® number
- R3121570
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Listing data via MLS®. Displayed for information only.