Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Land · Richmond

3880 No. 3 Road

Richmond, BC V6X2C1

$4,300,000

200 days on market

Bedrooms
0
Bathrooms
0
Type
Land
Taxes
$63,780.99 (2023)
MLS®
C8077201

About this home

Stabilized FREEHOLD INVESTMENT opportunity along Richmond's Golden Corridor! 18,212 sq.ft lot with 148' of frontage along No. 3 Rd and across the street from Aberdeen Station on the Canada Line. OCP designated for high density (up to 3.0 FSR) as part of "Aberdeen Village Urban Centre T5", zoned for a wide range of COMMERCIAL uses. Land is currently leased long term until 2091 (65 remaining years) to the Radisson Hotel and partially subletted to BMO. Purchaser to assume the existing triple net lease (including multiple escalation clauses) providing a stable return while owning a prime parcel for future redevelopment. The yearly net income for 2026 is approx. $135,783.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$19,039
Strata fee$0
Property taxannual ÷ 12$5,315
Est. monthly total$24,355
Down payment + BC property transfer taxbefore any first-time buyer exemption$993,000

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Listing courtesy of RE/MAX City Realty. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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