EstateBlock Realty

 4351 No. 3 Rd, Richmond, BC - V6X 3A7 for Sale | MLS® C8029600 | Movety

List Price
$49,999,999
Total Bedroom
-
Total Bathrooms
-
Total Floor Area
(Sq.ft)
127,786
 
Lot Sz ( Sq.ft)
127,786
Maint. Fee
-
Gross taxes
-
Property Type
Retail
Type of Dwelling
-
Year Built
1976
List Date
Dec 13, 2019

Listed by
Re/max Crest Realty



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Property Description

Rare and fantastic hold&re-develop investment opportunity on No.3 Road. OCP allows up to 3 FSR, and similar lands nearby have achieved higher density than OCP allowance. This is a commercial re-development site with impressive holding income for the next 10 years. Sitting in the heart of future Richmond CBD, surrounded by beautiful new upcoming commercial developments, this site will achieve extraordinary value after surrounding areas become more developed. The site is currently fully tenanted, and majority of the tenants are paying significantly below-market rates. We have increased net rent on 2019 tenancy replacements significantly, ground floor retail replacements have achieved 118% increase while second floor office units have achieved roughly 50% rental increase. Current NOI roughly 1.35M, we project the rental income to double by the end of 10 years.

Property Information

Address
4351 No. 3 Rd,
List Price
$49,999,999
List Date
Dec 13, 2019

Strata Maint. Fee
-
Gross taxes
-
Total Baths
-
Total Bedrooms
-
Lot Sz (Acres)
-
Lot Sz (Sq.ft)
127,786
View
No
View - Specify
-
WaterFront
No
Ownership Type
-
Garage
No
Fireplace Features
-
Cooling
No
Property Type
Retail
Type of Dwelling
-
Style of Home
-
Approx Year Built
1976
Age
44
Floor Area Total (Sq.ft)
127,786
Basement Area
-
Frontage
-
MLS® Number
C8029600
Postal Code
V6X 3A7
Sub-Area Community
West Cambie
Area
Richmond
Province
BC
Zoning
ZC10
Parking
No
Fireplaces
-
Fireplace Fuel
-
Community Features
-
Listed By

Re/max Crest Realty

MLS Reciprocity This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.


This home is serviced by Tomsett Elementary. The property is located 2.47 km from the school. Tomsett Elementary has a rating of 7/10. This home is also serviced by A.R. MacNeill Secondary. The home is located 4.20 km from school. A.R. MacNeill Secondary has a rating of 6/10.

The closest elementary independent school with good rating is St Anthony of Padua. The School's rating is 10/10 and it is located 4.05 km from 4351 No. 3 Rd, Richmond, BC - V6X 3A7, C8029600.

The closest Secondary Private School with good rating is Richmond Christian School. The School's rating is 10/10. The school is located 7.64 km from this home for sale.

The closest Skytrain/Railway station is Skytrain @ Aberdeen Stn on Canada Line Skytrain line in 0.39 km from this home.

This Richmond home for sale is in the neighbourhood with a amount of rented dwellings. %44.8 of all dwellings are currently occupied by renters. Average gross rent is $906 which is Average compared to the local average.

4351 No. 3 Rd, Richmond, BC - V6X 3A7,C8029600 is situated in Richmond, Richmond. 76.8% are Canadian Citizens in this neighbourhood, which is Very high in comparison to local rate.

This 4351 No. 3 Rd home for sale is located in the neighbourhood where 15% of the population does not know official languages. This is a percentage in comparison to the Metro Vancouver and Fraser Valley average.

The median age of population near the 4351 No. 3 Rd home for sale 4351 No. 3 Rd, Richmond, BC - V6X 3A7 is 43.1. Which is Average in comparison with the local average.

4351 No. 3 Rd, Richmond property for sale is situated in the area with a percentage of singles, 44.6%.

Average number of families with children near C8029600 is 0.9 which is Average in comparison with British Columbia

MLS Listing for sale C8029600 is in the Richmond, Richmond where 69.7% of the population are immigrants. It is a Very low number compared to BC average.

The closest daycare without violation is Earth Child Montessori Infant & Toddler. MLS® C8029600 is located in 1.66km from this daycare.

for sale 4351 No. 3 Rd, Richmond, BC - V6X 3A7,C8029600 is situated in West Cambie in Richmond.

The Average Price for this kind of homes is 0.00% than similar homes in the city and 0.00% than similar properties in the neighbourhood.

Maps & Views

Demographics
Crime Rate
Schools
Daycares
Transit
Climate
Places
Close

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.

School Name Type Grades Avg. Numeracy
Score
Avg. Writing
Score
Avg. Reading
Score
EstateBlock
Rating
Distance
Sea Island Elementary Public K-3 msk msk msk n/a 2.00 km
Tomsett Elementary Public K-7 534 597 486 7 2.47 km
R. C. Talmey Elementary Public K-7 539 556 500 6 2.49 km
William Cook Elementary Public K-7 531 608 500 7 3.04 km
Samuel Brighouse Elementary Public K-7 528 607 517 8 3.24 km
Henry Anderson Elementary Public K-7 538 612 511 8 3.73 km
Robert J Tait Elementary Public K-7 503 579 482 5 3.90 km
Fawkes Academy DL Independent 1 msk msk msk n/a 4.03 km
St Anthony of Padua Independent K-7 521 687 513 9 4.05 km
General Currie Elementary Public K-7 534 595 501 7 4.18 km

Listing Price Comparision

This house

$49,999,999

  Richmond
Show Comparables

  West Cambie
Show Comparables







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EstateBlock Realty
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Dan Marusin