!!VERY FAST CLOSE!! 16,800 Sq Ft Lot With Rancher In The Heart of Richmond!! Assigned

This large lot is available at a significant discount!! The property is located in Richmond’s West Cambie neighborhood and only 1km from the Canada Line’s Aberdeen Station. It is also a stone’s throw to townhouses and low-rise condominiums. On this property sits an 800 sq ft, 2-bedroom rancher which is tenanted. This property represents enormous potential to be a major piece of a land assembly for future development. Investors can choose to buy-and-hold the property for a future windfall or to start the process of developing (Buyer to verify). This property has a quick close – an Investor who can act now will be able to secure this large lot at a discounted price!!

We are selling our assignable purchase contract.

Closing is December 30th, 2021
*As per our APS, the Buyer agrees to assume the tenant and does not require vacant possession on date of completion.*

**Please note: The Seller has verbally stated that they may be willing to close at a later date. A Buyer who can close on the above date will be preferred, but if a change is necessary, we may be willing to negotiate with the Seller.**

• Detached rancher
• 2 bedrooms
  • 1 bedroom is currently being used as a laundry room
• 4-piece bathroom
  • Previous leak in ceiling above shower has been repaired (as per Seller)
• Built in 1953
• Interior square footage: 801 sq ft (as per BC Assessment)
• Fridge, stove, washer & dryer will all be included
• Flooring: laminate, tile and carpet
• Our Acquisition Rep was unable to determine the amperage on the electrical service panel. Panel does not look upgraded (see HERE)
• HWT was replaced 2018 (as per Seller)
• Heated with standalone electric heaters
  • No furnace or baseboard heaters
• Windows are an unknown age (as per Seller)
• Roof is an unknown age (as per Seller)
• Wood siding on exterior of house
• Concrete foundation
• On municipal water and septic
  • Unknown when the septic tank was last serviced (as per Seller)
• Children’s play structure and an auto shelter/tent in the backyard (as per Seller)
• Carport and storage shed located at the side of the property
• Asphalt driveway from the street does not extend to the house
• Property will not be vacant upon closing
  • Tenant is on a month-to-month rental agreement, paying $1000/month, excluding utilities, with a $500 security deposit (as per Seller)
  • Tenant is storing 2 trucks, 1 trailer and an RV in the front yard
• Property was never used as a grow-op (as per Seller)
• Lot size: 16,857 sq ft (as per BC Assessment)
  • Lot is flat and contains grass, small trees, bushes and shrubs
• Zoning: City of Richmond’s zoning map is not functioning, we cannot determine the zoning for this property. It has been our experience that a property like this would be zoned for single-family residential but could be re-zoned for higher density (Buyer to verify)
• Property is designated for “Mixed Use” development in Richmond’s Official Community Plan (see HERE)

• Cosmetic updating
• Possibility to demolish house, re-zone and construct a new single, or multifamily structure (Buyer to verify)

Please click HERE for more pictures and information.