A real rental investment with cash cow! Nowhere to find a house with such nice cash flow under $1.6M in desirable Richmond. 2748sqft developed area with 2 separate entrance rental units. 7 beds, 4 full baths, 3 kitchens, 3 suites, this tasty property sits in a 7,593sqft lot with a fantastic layout. A lot of potential for investment with great mortgage…
A real rental investment with cash cow! Nowhere to find a house with such nice cash flow under $1.6M in desirable Richmond. 2748sqft developed area with 2 separate entrance rental units. 7 beds, 4 full baths, 3 kitchens, 3 suites, this tasty property sits in a 7,593sqft lot with a fantastic layout. A lot of potential for investment with great mortgage helpers or to rebuild with another 700 more sqft! The extension units were added in 2008 with full permits. Spacious parking with 7stalls. Easy access to all amenities: Highways, schools, buses, river, parks and Ironwood Shopping Centre. Windows, Roof and boiler changed; High efficiency tankless hot water tank 2016. Must see! Open House on May 2nd & 3rd, 2-4 PM.
Features
Private Yard
Carport Single
Front Access
Concrete
Shopping Nearby
Room measurements14 rooms▸
Living RoomMain · 14'5 × 19'3
Dining RoomMain · 8'10 × 16'3
KitchenMain · 11'8 × 13'8
Primary BedroomAbove · 11'3 × 19'1
BedroomAbove · 10'11 × 11'10
BedroomAbove · 10'11 × 11'8
Living RoomMain · 12'2 × 15'2
KitchenMain · 19'11 × 12'2
BedroomMain · 9'10 × 11'11
BedroomMain · 9'2 × 12'
Living RoomAbove · 12'4 × 19'7
KitchenAbove · 5'7 × 11'9
BedroomAbove · 9'11 × 12'
BedroomAbove · 9'1 × 12'
Floor plan
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Property Details
MLS NumberR3111314
Property TypeSingle Family Residence
Bedrooms7
Bathrooms4
Square Feet2,748
Lot Size7,593 sqft
Year Built1959
Parking Spaces1
HeatingNatural Gas
StatusClosed
Listed ByMetro Edge Realty
School Catchment
ElementaryWoodward
SecondaryMcNair
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$1,200,000Median home value
$90,000Median household income
64.2%Owner-occupied
31.7%Single-detached homes
2.8Avg household size
41.6Median age
39.9%Bachelor's degree or higher (25-64)
65.3%Commute under 30 min
85.3%Drive to work
54.5%Foreign-born residents
8,114Neighbourhood population
Age
Under 1514.1%
15 to 6468.4%
65 and over17.6%
Household size
1 person25%
229.3%
317%
414.6%
5 or more14.1%
Language spoken at home
36.9% English mother tongue
Cantonese15.4%
Mandarin10.7%
Punjabi10.1%
English + other6.7%
Tagalog4.6%
Arabic1.4%
All others14.2%
Mother tongue, share of 8,110 residents.
How this pocket differs
notably more 5+ person households than Richmond 14.1% vs 9.2%
notably more Punjabi speakers than Richmond 10.1% vs 2.4%
notably fewer Mandarin speakers than Richmond 10.7% vs 21.1%
fewer Cantonese speakers than Richmond 15.4% vs 21.5%
more Tagalog speakers than Richmond 4.6% vs 3.7%
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Ped NaimiPersonal Real Estate Corp
Vinod BashirPersonal Real Estate Corp
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