5555 WALLACE ROAD, Richmond
$1,798,000
This 8,412 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! A large lot 8412 sqft in Steveston North Richmond. Potential to build a beautiful new custom dream home. South facing, Steps away from parks, Steveston-London Secondary and McKinney Elementary and recreation.
How this price compares
This lot asks $214 per square foot of lot. That is 6% below the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 81 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
- 8,412 sqft
- Lot dimensions
- 60 x 140
- Frontage
- 60 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1971
- Zoning
- RSM/L
- MLS® area
- Steveston North
- MLS® number
- R3143901
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-07-25.