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
Rooms
Floor
Type
Dimensions
Main Level
Living Room
19'11 x 19'11 ft
Main Level
Dining Room
15'5 x 15'5 ft
Main Level
Kitchen
12'7 x 12'7 ft
Main Level
Eating Area
12' x 12' ft
Main Level
Laundry
6'6 x 6'6 ft
Main Level
Primary Bedroom
21'1 x 21'1 ft
Main Level
Walk-In Closet
8'9 x 8'9 ft
Above Level
Bedroom
15'11 x 15'11 ft
Above Level
Bedroom
12'10 x 12'10 ft
Above Level
Attic
31'3 x 31'3 ft
Below
Living Room
19'11 x 19'11 ft
Below
Kitchen
11'1 x 11'1 ft
Below
Den
12'5 x 12'5 ft
Below
Bedroom
13'5 x 13'5 ft
Below
Bedroom
11'2 x 11'2 ft
Below
Mud Room
12'5 x 12'5 ft
Below
Bedroom
17'1 x 17'1 ft
Below
Laundry
9'3 x 9'3 ft
Below
Workshop
30'4 x 30'4 ft
Below
Storage
23'4 x 23'4 ft
Below
Workshop
20'5 x 20'5 ft
Below
Storage
5'3 x 5'3 ft
Below
Kitchen
11' x 11' ft
Bathrooms
Floor
Ensuite
Pieces
Main Level
Yes
#3
Above Level
No
#3
Below
No
#3
Below
No
#3
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 fee0
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 Payment0%
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
This Home
$1,999,999
Richmond
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Granville
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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?
The closest top-rated schools are Richmond Secondary School and Blundell Elementary School.
Is 7540 No. 2 Road, Richmond, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 7540 No. 2 Road, Richmond, BC?
With a standard down payment, the estimated monthly mortgage is approximately $12,000.
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