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Active
3880 No. 3 RD Richmond, BC V6X 2C1
0.42 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8077201
Annual Tax Amount $63,780
Tax Year 2023
Lot Size 0.420 Acres
Property Description
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.
Location
State BC
Community West Cambie
Area Richmond
Zoning ZC1
Exterior
Utilities Available Fully Serviced, Street Lighting
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Ownership Freehold