22.5% price reduction

7540 No. 2 Rd, Richmond, BC

$1,999,999
Est. Mortgage /mo

MLS® R3020986

6 Beds
4 Baths
3564 sqft
561 $ /sqft
1968 Built
$1,999,999
$2,580,000
Est. /mo with 20% down
$561/sqft · Tax $6,358/2024
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now

Property Details & Specs

22.5% price reduction

Investor & Builder Alert! Rare opportunity to own a large 10,980 sq ft lot (85.8 ft frontage) in central Richmond with huge future development potential—possible 6–8 townhouse units (verify with City). The home offers plenty of space and mortgage helper income, including a rented 2-bedroom suite with separate entrance and another vacanted 1-bedroom suite with separate entrance. Upper level has 3 bedrooms, spacious living/dining areas, and a huge covered deck. Circular driveway, big workshops, and two garages (one attacehd with house, the other on the back yard). Located in Blundell Elementary and Richmond Secondary (IB Program) catchments, near shopping, parks, and transit. Live in, rent out, or redevelop — endless options on this prime lot!

General Info

Price $1,999,999
Total Bedrooms 6
Total Bathrooms 4
Half Bathrooms 0
Floor Area Total (sqft) 3564
Lot Size 10980
Lot Size Depth Feet
Lot Size Frontage 85.83
Basement None
Basement Features -

Property Metrics

Year Built 1968
Age Of Building 58
Building Type Single Family Residence
Property Type Residential
Stories 3
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove, Freezer
Building Features -
Structures Residential Detached

Additional Details

MLS® # R3020986
Building Name -
Area Richmond
Neighbourhood Granville
City Richmond
Postal Code V7C 3L9
Price per Sqft $561
Gross Taxes $6,358.12
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace 3
Heating Type Baseboard, Hot Water, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Other
Water (WaterSource) Public

Parking

Parking Type Detached, Garage Double, Garage Single, Front Access
Total Parking Spaces 10
Listed by: Nu Stream Realty Inc.

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.

Neighborhood & Transit Info

Public Schools

Secondary
Richmond Secondary School
1.22 km
Elementary
Blundell Elementary School
0.57 km
Elementary
Blundell Elementary School
0.57 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Paul School
2.01 km
Secondary
City Vancouver Academy
3.71 km

Closest Transit

Bus Stop
Eastbound Blundell Rd @ No. 2 Rd
0.24 km
Skytrain
Skytrain @ Brighouse Stn
1.95 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Above Average
37.4%
No Certificate/Degree
Below Average
12.4%
Owner Occupied
Below Average
52.9%
Employment Rate
Above Average
73.6%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Local Info

Estimated Mortgage Calculator

/month
Principal & Interest
Property Taxes $530
Maintenance fee 0
Financing 80% of the $1,999,999 asking price over 30 years at 4% results in approximately $8,169/month in total estimated carrying costs, $530 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Estimated Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
This listing generates an estimated $7,703/month in rental income, leaving a -$674/month cashflow at current carrying costs. Investors targeting break-even would need roughly 28% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Home Price Evaluation Chart

Beds Home Types Square Feet Lot Size Year Built
This Home $1,999,999
Richmond Loading...
Granville Loading...
No active comparables are currently available for this property type in Richmond. Pricing context may be limited at this time. This property is flagged as a Hot Deal (22.5% price reduction) based on its competitive pricing and market demand.
Data is based on list prices of similar active listings. 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

Property FAQs

What are the closest top-rated schools to 7540 No. 2 Road, Richmond, BC?

Is 7540 No. 2 Road, Richmond, BC in a flood zone?

What is the estimated monthly mortgage and strata fee for 7540 No. 2 Road, Richmond, BC?

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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