6651 COONEY ROAD, Richmond
$2,680,000
This 7,986 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.
Great central location for investors or builders! Excellent investment property with 7986sqft (66' x 121') land size in the Centre of Richmond with TRL1 zoning for townhouse development. Lots of potential future development located in the City Centre of Richmond. The City of Richmond already designated this area as Urban Centre T5 (25 meters height) land use which permitted uses for Mixed Multiple Family Residential (e.g. High Rise building or Residential/Commercial use, Institutional, Recreation, Hotel, Office, Community use up to 2.0 FAR in density. Currently with an excellent tenant. Please do not disturb the tenant. Property sold As-Is, Where-Is.
How this price compares
This lot asks $336 per square foot of lot. That is 48% above the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 185 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
- $2,680,000
- Lot size
- 7,986 sqft
- Lot dimensions
- 66 x 121.00
- Frontage
- 66 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1962
- MLS® area
- Brighouse
- MLS® number
- R3110875
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Listing data via MLS®. Displayed for information only.