7851 BENNETT ROAD, Richmond
$2,998,000
This 8,898 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.
Attention to Developers and Inverstors! A rare opportunity to acquire a prime development site in Richmond best location. FSR 3.0. Potential for 8-story building. Zoning located within 400M of bus stop. (Please verify zoning, density, development potential, buildable area and all municipal requirements with City of Richmond). Lots of possibilities to hold for rental income or build later. Currently rented individually upstairs and downstairs with separate entrances. Inside street 8898 SF lot and walking distance to Richmond Centre, Richmond High and all bus and skytrain station. Do not disturb the tenant.
How this price compares
This lot asks $337 per square foot of lot. That is 49% above the median of $227 across the 202 active lots VanPlex is showing in Richmond, and puts it 186 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
- $2,998,000
- Lot size
- 8,898 sqft
- Lot dimensions
- 0 x
- Frontage
- 0 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1955
- MLS® area
- Brighouse South
- MLS® number
- R3128232
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Listing data via MLS®. Displayed for information only.