PRIME RICHMOND REDEVELOPMENT OPPORTUNITY on a 50’ x 125’ Lot.
Exceptional opportunity for builders, investors, or those looking to create a dream home. This large 50’ x 125’ lot offers outstanding redevelopment potential, suitable for one or two large single-family homes, in an area already SURROUNDED BY HIGH-END, MILLION-DOLLAR PROPERTIES.
Ideally located close to shopping, amenities, and schools, this property combines convenience with strong future upside. The rear alley access and no homes directly behind provide added flexibility for design, garages, and privacy.
The existing home is well maintained and currently rented to an AMAZING TENANT, offering immediate holding income. The seller is flexible on possession date and is willing to allow buyers to apply for permitting prior to possession. The property is under a fixed-term lease until July 31, 2026, making it a solid interim investment while you plan your project.
There could be a possibility for a forced WALK OUT on this lot.
Additional features include a single detached garage and a layout that supports future redevelopment options.
DRIVE BY and explore the potential. This is an excellent opportunity to secure a PREMIUM LOT lot for your next build or long-term investment. No sign on the property. Do not disturb the current tenant.
Data was last updated March 31, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$1,100,000
Min list price:
$209,000
Max list price:
$2,399,900
Avg days on market:
20
Min days on market:
2
Max days on market:
78
Avg price per sq.ft.:
$538.99
These statistics are generated based on the current listing's property type
and located in
Richmond. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.