Rare income property opportunity in the heart of Steveston! Situated on over 14,000 square ft of prime land, this legal duplex (circa 1970s) is on one of the last large development parcels in this highly sought-after neighborhood. The property is currently tenanted with long-term occupants, providing stable income and immediate holding security. Existing rents are below current market levels, presenting a clear value-add opportunity for future revenue growth over time. Whether held as a steady income property, repositioned for stronger yield, or land-banked for future development, this is a rare chance to acquire scale and upside in charming Steveston - a neighborhood where opportunities of this size are increasingly scarce. A long-term asset with built-in growth potential! (id:13843)
| MLS # | R3143284 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1968 |
| Days On Site | 110 |
| Listing Provided By | Rennie & Associates Realty Ltd. | Nicholas Narciso |
| Bed(s) | 11 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,149 |
| Acreage | 0.32 |
| Appliances | All, Dishwasher, Washer & Dryer |
|---|---|
| Fireplace Yes / No | No |
| Lot Features | Central location |
|---|
| Parking Total | 10 |
|---|
| Tax Annual Amount | 10116.15 |
|---|---|
| Tax Year | 2025 |
| Province | BC |
|---|---|
| City | Richmond |
| Postal Code | V7E2K4 |
| Listing VS Median (in V7E2K4) | |
Price: $2,498,000 low | high Med: $2,549,000 sqft: 5,149 low | high Med: 4,472 $ / sqft: $485 low | high Med: $585 On site: 110 low | high Med: 98.5 | |
| Province | BC |
|---|---|
| City | Richmond |
| Postal Code | V7E2K4 |
| Listing VS Median (in V7E2K4) | |
Price: $2,498,000 low | high Med: $2,549,000 sqft: 5,149 low | high Med: 4,472 $ / sqft: $485 low | high Med: $585 On site: 110 low | high Med: 98.5 | |