5280 CRANBROOK AVENUE, Richmond
$1,798,000
This 7,020 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.
Investor Alert! Situated in Richmond's sought-after Lackner neighborhood, this 7,019 sq.ft (75.47 X 93) lot offers an exceptional opportunity to build your dream home. The existing 3,022 sq.ft house generates steady rental income, making it a great investment while you plan your rebuild. With RSM/L zoning, you have the flexibility to maximize the property's potential. Enjoy the convenience of top-rated school, parks, shopping, and transit, all within minutes. Whether you're a builder or homeowner, this is a rare chance to create something special in a quiet, family-friendly community.
How this price compares
This lot asks $256 per square foot of lot. That is 13% above the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 146 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
- $1,798,000
- Lot size
- 7,020 sqft
- Lot dimensions
- 75.46 x 92.85
- Frontage
- 75.46 ft
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- 1975
- Zoning
- RSM/L
- MLS® area
- Lackner
- MLS® number
- R3146604
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-07-25.