PRIME INVESTMENT & DEVELOPMENT OPPORTUNITY! Exceptional 75’ x 150’ (11,248 SF) property on Richmond’s Railway Avenue arterial corridor, offering excellent rental income and multifamily redevelopment potential under existing City policies. An ideal holding property with strong rental income potential while exploring future development opportunities. Consider townhouse, multiplex or purpose-built rental development options. Qualifying multifamily rental projects may be eligible for up to 90%+ CMHC financing under MLI Select. Outstanding family location near highly ranked Jessie Wowk Elementary (9.2/10), Richmond Christian School and Steveston-London Secondary. An exceptional opportunity to generate rental income while planning future development!
Address
9720 Railway Avenue
List Price
$1,990,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Richmond
Sub-Area
Lackner
Bedrooms
3
Bathrooms
3
Floor Area
2,706 Sq. Ft.
Main Floor Area
1610
Lot Size
11248 Sq. Ft.
Lot Size Dimensions
75 x 150
Lot Size (Acres)
0.26 Ac.
Lot Size Units
Square Feet
Total Building Area
2706
Frontage Length
75
Year Built
1972
MLS® Number
R3155514
Listing Brokerage
Luxmore Realty
Basement Area
None
Postal Code
V7E 2B7
Zoning
RS1/E
Ownership
Freehold NonStrata
Parking
Garage Double, Front Access
Parking Places (Total)
6
Tax Amount
$7,933.23
Tax Year
2025
Site Influences
Balcony
Exterior Features
Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Natural Gas
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
2
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Floors In Property
2
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