Rare income property opportunity in the heart of Steveston! Situated on over 14,000 sq 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!
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | None |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave |
| Interior Features | Storage |
| Fireplace | 3 |
| Heating Type | Forced Air, Natural Gas |
| Laundry | In Unit |
| # of Kitchens | 4 |
| Flooring | Hardwood, Mixed, Tile, Vinyl |
| Foundation | Slab |
| Exterior Features | Garden, Balcony, Private Yard |
|---|---|
| Roof | Asphalt |
| Structures | Multi Family |
| Price | $2,698,000 |
|---|---|
| Total Bedrooms | 11 |
| Total Bathrooms | 7 |
| Full Bathrooms | 7 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 5003 |
| Year Built | 1968 |
| Age Of Building | 58 |
| Building Type | Quadruplex |
| Property Type | Residential Income |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Community, Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer |
| Water (WaterSource) | Public |
| Parking Type | Detached, Tandem, Front Access |
| Total Parking Spaces | 10 |
| Lot Size | 14015 |
|---|---|
| Lot Size Depth | Feet |
| MLS® # | R3143284 |
| Area | Richmond |
| Neighbourhood | Steveston North |
| City | Richmond |
| Postal Code | V7E 2K4 |
| Gross Taxes | $10,116.15 |
| Zoning | RS1/E |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Foyer | 7'8 x 7'8 ft |
| Main Level | Storage | 15'11 x 15'11 ft |
| Above Level | Primary Bedroom | 13'0 x 13'0 ft |
| Above Level | Bedroom | 9'11 x 9'11 ft |
| Above Level | Bedroom | 11'7 x 11'7 ft |
| Above Level | Living Room | 15'1 x 15'1 ft |
| Above Level | Dining Room | 13'2 x 13'2 ft |
| Above Level | Kitchen | 12'3 x 12'3 ft |
| Above Level | Eating Area | 9'11 x 9'11 ft |
| Main Level | Bedroom | 11'2 x 11'2 ft |
| Main Level | Kitchen | 14'8 x 14'8 ft |
| Main Level | Living Room | 15'9 x 15'9 ft |
| Main Level | Foyer | 12'11 x 12'11 ft |
| Main Level | Bedroom | 16'8 x 16'8 ft |
| Abv Main 2 | Primary Bedroom | 16'9 x 16'9 ft |
| Abv Main 2 | Laundry | 10'8 x 10'8 ft |
| Abv Main 2 | Kitchen | 13'0 x 13'0 ft |
| Abv Main 2 | Dining Room | 13'4 x 13'4 ft |
| Abv Main 2 | Living Room | 16'1 x 16'1 ft |
| Abv Main 2 | Bedroom | 12'2 x 12'2 ft |
| Abv Main 2 | Bedroom | 12'2 x 12'2 ft |
| Main Level | Primary Bedroom | 16'0 x 16'0 ft |
| Main Level | Kitchen | 13'3 x 13'3 ft |
| Main Level | Foyer | 9'11 x 9'11 ft |
| Main Level | Bedroom | 8'7 x 8'7 ft |
| Main Level | Bedroom | 8'8 x 8'8 ft |
| Main Level | Laundry | 5'9 x 5'9 ft |
| Main Level | Living Room | 15'7 x 15'7 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Above Level | No | #4 |
| Above Level | Yes | #3 |
| Main Level | No | #4 |
| Above Main 2 | No | #4 |
| Above Main 2 | Yes | #4 |
Listed by: Rennie & Associates Realty Ltd.
NOTE: 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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
4751 - 4771 Steveston Highway has a sell-speed score of 44/100, placing it in the "May take longer than the area average to sell" band. The listing is has limited comparable pricing data available. The local market is currently a Buyer's Market with a sales-to-active ratio of 9.5% and an area average of 47 days on market — buyers have more leverage. With only 475 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is could take longer than the area average to sell.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V7E 2K4, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 4.1 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Vancouver International Airport #2, Richmond (~6 km). Annual avg AQHI 2.2 — Low Risk.
Richmond currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.
Annual precipitation ~1117 mm (1981–2010 baseline), projected ~1159 mm by the 2050s. Extreme 1-day rainfall: ~39.9 mm baseline, ~44.4 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~25 days baseline, ~27 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
4751 - 4771 Steveston Hwy, Richmond, BC is ideally located for commuters. The property is 4.5 km from Brighouse, with a 82 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Westbound Steveston Hwy @ Railway Ave (0.08 km). Walk Score Transit rating: Some Transit (47/100).
No active comparable properties are currently available for this property type in Richmond. The price evaluation chart will update as similar listings enter the market.
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