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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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8271 No. 1 Road, Richmond
MLS®: R3168502
1585
Sq.Ft.
1
Baths
4
Beds
7,258
Lot SqFt
1956
Built
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Description
Perfect redevelopment opportunity in the highly desirable Seafair neighbourhood of West Richmond. Situated on a 66'' x 110'' lot with RSM/L zoning, the property offers excellent potential for a duplex, multiplex, or even townhouse development, subject to City approvals.The lot also features the increasingly rare benefit of backlane access, a significant advantage for future redevelopment. There may also be an opportunity for a land assembly with neighbouring properties, providing additional development potential for the right buyer.A rare opportunity to acquire a well-positioned redevelopment site in one of West Richmond’s most sought-after neighbourhoods.
Taxes (2025): $5,342.16
