Excellent investment and holding property in the heart of Richmond with strong future development potential! This single-family home sits on a large 8,307 sqft corner lot in a quiet, central neighborhood. Surrounded by multi-family developments and future redevelopment activity. Walking distance to schools, parks, library, Richmond Centre Mall, restaurants, and public transit. A rare opportunity to own a prime piece of land in a fast-developing area. Don't miss out!
General Info
Price
$2,699,000
Total Bedrooms
3
Total Bathrooms
2
Half Bathrooms
0
Floor Area Total (sqft)
1820
Lot Size
8307
Lot Size Depth
Feet
Lot Size Frontage
75.5
Basement
None
Basement Features
-
Property Metrics
Year Built
1966
Age Of Building
59
Building Type
Single Family Residence
Property Type
Residential
Stories
1
Building Features
-
Structures
Residential Detached
Additional Details
MLS® #
R3016508
Building Name
-
Area
Richmond
Neighbourhood
Brighouse
City
Richmond
Postal Code
V6Y 1W3
Price per Sqft
$1,483
Gross Taxes
$6,266.88
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Fixtures Included
-
Heating & Cooling
Fireplace
1
Heating Type
Forced Air, Natural Gas
Utilities
Utility Type
Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer
Public Sewer, Storm Sewer
Water (WaterSource)
Public
Parking
Parking Type
Carport Single
Total Parking Spaces
1
Rooms
Floor
Type
Dimensions
Main Level
Living Room
18' x 18' ft
Main Level
Dining Room
12' x 12' ft
Main Level
Kitchen
16' x 16' ft
Main Level
Eating Area
7' x 7' ft
Main Level
Primary Bedroom
14' x 14' ft
Main Level
Den
14' x 14' ft
Above Level
Bedroom
14' x 14' ft
Above Level
Bedroom
14' x 14' ft
Bathrooms
Floor
Ensuite
Pieces
Main Level
No
#4
Above Level
No
#4
Listed by: Magsen 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
A.R. MacNeill Secondary School
0.96 km
Elementary
William Cook Elementary School
Average
0.41 km
5.7/10
Elementary
William Cook Elementary School
0.41 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary
Pythagoras Academy
1.42 km
Secondary
City Vancouver Academy
1.59 km
Closest Transit
Bus Stop
Southbound Garden City Rd @ Ferndale Rd
0.08 km
Skytrain
Skytrain @ Brighouse Stn
0.79 km
Crime Rate
Total Crime Rate
Average
Violent Crime Rate
Low
Property Crime Rate
Average
Demographics
Post-Secondary Education
Average
32.5%
No Certificate/Degree
Average
12.9%
Owner Occupied
Average
66.7%
Employment Rate
Average
63.3%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Possible
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$522
Maintenance fee0
Financing 80% of the $2,699,000 asking price over 30 years at 4% results in approximately $10,830/month in total estimated carrying costs, $522 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 $6,607/month in rental income, leaving a -$4,447/month cashflow at current carrying costs. Investors targeting break-even would need roughly 55% 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
$2,699,000
Richmond
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Brighouse
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There are currently no comparable Single Family Residences active in Brighouse. The Richmond-wide average for similar 3-bedroom properties is $1,909,667 (3 listings). This home is priced 41.3% above that benchmark.
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 8511 Spires Road, Richmond, BC?
The closest top-rated schools are A.R. MacNeill Secondary School and William Cook Elementary School.
Is 8511 Spires Road, Richmond, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 8511 Spires Road, Richmond, BC?
With a standard down payment, the estimated monthly mortgage is approximately $16,194.
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