12115 1st Ave, Richmond, BC, MLS® R2983575

$2,998,000
Est. Mortgage /mo

16.3% price reduction

$2,998,000
$3,580,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
0 Beds
6 Baths
2 Stories
$ 0 Maint. Fee
5396 sqft
1982 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

12115 1st Ave, Richmond, BC | MLS® R2983575 Property Details

16.3% price reduction

Discover a prime real estate opportunity in the vibrant heart of Steveston Village with this unique mixed-use property. Offering an impressive 5,396 sf of space on a 6600 sf lot, this two-story building features 2 retail units at street level & 4 residential condos above. Each residential suite boasts a comfortable 1 bdrm layout complete with in-suite laundry, a dishwasher & an individual h/water tank. Perfect for generating rental income all units are separately metered, enhancing ease of management. The property includes 11 convenient parking spots at the rear adding value for both shoppers and residents alike. Situated just steps from the scenic Fisherman's Wharf, local shops, & gourmet dinners, this location promises a lively & convenient lifestyle.

General Info

Price $2,998,000
Total Bedrooms 0
Total Bathrooms 6
Half Bathrooms 0
Floor Area Total (sqft) 5396
Lot Size 6600
Lot Size Depth Feet
Lot Size Frontage 50
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1982
Age Of Building 43
Building Type Other
Property Type Residential Income
Stories 2
Building Features BuildingFeatures
Structures Multi Family

Additional Details

MLS® # R2983575
Area Richmond
Neighbourhood Steveston Village
City Richmond
Gross Taxes $18,232.63
Ownership Type Freehold Strata
Maintenance Fee 0
Community Features Shopping Nearby
Fixtures Included 1

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Rear Access
Total Parking Spaces 11

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Strata Restrictions No Restrictions
Pet Restrictions Yes
Rental Restrictions -
Zoning CS3
Rental Suites -
Laundry In Unit
# of Kitchens 0
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development 6
Exterior Features Balcony
Sewer Public Sewer

Property History

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Status Date Price
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Listed by: TRG The Residential Group Downtown Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Robert Alexander McMath Secondary School
0.6 km
Elementary
Lord Byng Elementary School
Average
0.55 km
6.7/10
Elementary
Lord Byng Elementary School
0.55 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Joseph the Worker School
1.97 km
Elementary, Secondary
Richmond Christian School
6.8 km

Closest Transit

Bus Stop
Steveston Exchange @ Bay 2
0.08 km
Skytrain
Skytrain @ Brighouse Stn
5.75 km

Noise/ Power Lines

Road/Hwy Noise
Unlikely
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to 12115 1st Avenue, a Lovely Property in Richmond, BC

I'm thrilled to take you on a tour of this charming home, located at 12115 1st Avenue, Richmond, BC, and listed as MLS® R2983575. As your trusted realtor, I'll share with you the best features of this property and the surrounding community.

Education at Your Fingertips

This home is serviced by Lord Byng Elementary School, which is just 0.55 km away. With a rating of 6.7/10, Lord Byng Elementary is a great choice for families. Just down the road, you'll find Robert Alexander McMath Secondary School, with a rating of No Rating, located 0.6 km from the property. Additionally, nearby secondary independent schools include Richmond Christian School, with a rating of 9.3/10, located 6.8 km from this home, and St. Joseph the Worker School, with No Rating, located 1.97 km away.

A Safe and Secure Community

According to the latest crime data from Statistics Canada (2020), this neighborhood has an average crime rate of 7,826.57, which is comparable to other Canadian cities. There were 16,909 volation disturbances in this area, and the overall crime rate is considered Average. However, it's worth noting that the year-by-year change in the total crime rate is -3.39%, indicating a downward trend.

Convenient Transportation Options

Just 0.08 km away from this listing (MLS® R2983575) is the Steveston Exchange @ Bay 2 bus station, making it easy to get around the city. Whether you prefer public transportation, driving, or cycling, this location has something for everyone.

Demographics and Lifestyle

This neighborhood is a great place to live, work, and raise a family. With 30.7% of the population holding a university certificate or degree, this area is Above Average compared to other BC neighborhoods. Additionally, 11.4% of the population has no certificate or degree, which is Low compared to the average in BC.

Affordability and Housing Market

The median household income near this dwelling is $84,053, which is Above Average compared to the British Columbia average. The median personal income is $37,130, also Above Average. However, the percentage of households with a mortgage is 49.9%, which is Below Average.

Unemployment Rate and Population Growth

The unemployment rate in this area is 5.7%, which is Below Average compared to other province neighborhoods. The population change between 2011 and 2016 was 2.5%, which is Above Average in comparison to average growth rate of this region.

Community Amenities and Lifestyle

This property is located in the heart of Steveston Village, a vibrant and eclectic community with a rich history. With a population density of 3,883.8 people per square kilometer, this area is considered High. The average family size is 2.9, which is Average in comparison to the whole region. Additionally, 67% of families with children live in this neighborhood, which is Above Average.

Transportation and Commuting

The average age of the population in this area is 43.4, which is Above Average in comparison to other BC cities. The average value of dwellings in this neighborhood is $1,101,567, which is High compared to other areas in British Columbia. Average owner payments are Above Average in this area, with owners spending $1,469 on average. Tenants are paying $1,266, which is also Above Average.

Conclusion

In conclusion, 12115 1st Avenue, Richmond, BC, listed as MLS® R2983575, is a wonderful property in a safe and secure community with excellent education options, convenient transportation, and a thriving lifestyle. I hope this tour has given you a sense of the best features of this property and the surrounding neighborhood.

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,998,000
Richmond No comparables
Steveston Village No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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