7291 GILBERT ROAD, Richmond
$1,578,000
This 11,902 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.
Value, Convenience & Community. Large buildable lot in the heart of Central Richmond, this property delivers the rare combination investors and builders chase: scale, location, and upside. Solid 4-beds, 1.5-baths, 1854SF split-level home offers a renovation path (original condition; roof required) or a clean slate for future development. Detached garage/workshop adds immediate utility—for storage, trades, or hobbyists. Generous lot size opens the door to multiple value-add strategies, ie: subdivision, coach house, or increased density potential (buyer to verify with the City; Bill 44 considerations). What truly sets this property apart is walk-able convenience. Enjoy quick access to Richmond Centre, transit, shopping, parks. Unbeatable location, real upside. Don't Miss opportunity!
How this price compares
This lot asks $133 per square foot of lot. That is 42% below the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 21 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
- $1,578,000
- Lot size
- 11,902 sqft
- Lot dimensions
- 68 x 0
- Frontage
- 68 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1957
- Zoning
- RSM/L
- MLS® area
- Granville
- MLS® number
- R3113558
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-07-25.