EstateBlock Realty

 4351 No. 3 , Richmond, BC - V6X3A7 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. (id:26763)

Property Information

Address
4351 No. 3 ,
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
Yes
Ownership Type
-
Garage
Yes
Fireplace Features
-
Cooling
Yes
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
V6X3A7
Sub-Area Community
-
Area
-
Province
BC
Zoning
-
Parking
Yes
Fireplaces
-
Fireplace Fuel
-
Community Features
-
Listed By

Re/max Crest Realty

MLS Reciprocity The listing data is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Estateblock.com


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Demographics
Crime Rate
Schools
Daycares
Transit
Climate
Places
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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
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EstateBlock Realty
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Dan Marusin