Richmond, British Columbia V7E2K4
$2,888,000
MLS® R3091654
11
Bedrooms
7
Bathrooms
5,149 square feet
Living Area
1968
Year Built
Multi-family
Type
14,015 square feet
Lot Size
10
Parking
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:65701)
Listed by
Rennie & Associates Realty Ltd.
Greater Vancouver
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