RARE DEVELOPMENT OPPORTUNITY IN WEST RICHMOND! Exceptional 10,642 sq.ft. rectangular lot with 67.7 ft frontage, directly beside Thompson Elementary Park. Potential to build TWO DETACHED HOMES with a combined floor area of approx. 5,846 sq.ft. (2,923 sq.ft. each). Each home could include a legal secondary suite, offering up to FOUR living units, subject to City approval. Existing home features 3 beds/2 baths upstairs and 3 beds/1 bath downstairs, with separate kitchens, generating nearly $5,000/month in rental income. Excellent holding property with outstanding redevelopment potential. Close to schools, shopping and transit. Build, invest or hold! Buyer to verify development potential with City of Richmond.
Address
6340 No. 1 Road
List Price
$1,958,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Richmond
Sub-Area
Riverdale RI
Bedrooms
6
Bathrooms
3
Floor Area
2,566 Sq. Ft.
Main Floor Area
1283
Lot Size
10642 Sq. Ft.
Lot Size Dimensions
67.7 x
Lot Size (Acres)
0.24 Ac.
Lot Size Units
Square Feet
Total Building Area
2566
Frontage Length
67.7
Year Built
1953
MLS® Number
R3174035
Listing Brokerage
eXp Realty
Basement Area
None
Postal Code
V7C 1T3
Zoning
RS1/E
Ownership
Freehold NonStrata
Parking
Detached, Front Access
Parking Places (Total)
8
Tax Amount
$6,149.85
Tax Year
2025
Site Influences
Garden, Private Yard
Exterior Features
Garden, Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Hot Water
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
1
Laundry Features
In Unit
Levels
Two
Number Of Floors In Property
2
View
Yes
View Type
MOUNTAIN
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