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.
4351 No. 3 Rd,
Dec 13, 2019
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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.
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.
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Sea Island Elementary
R. C. Talmey Elementary
William Cook Elementary
Samuel Brighouse Elementary
Henry Anderson Elementary
Robert J Tait Elementary
Fawkes Academy DL
St Anthony of Padua
General Currie Elementary
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