8340 No. 3 Rd, Richmond, BC, MLS® R3022302

$4,999,000
Est. Mortgage /mo

$4,999,000
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
4 Beds
2 Baths
2 Stories
lot 18943 sqft
2808 sqft
1944 built
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Map
Street view
Schools
Crime
Commute
Shop & Eat

8340 No. 3 Rd, Richmond, BC | MLS® R3022302 Property Details

Prime Redevelopment Opportunity on No. 3 Road! A rare 18,943 sq. ft. lot with 132 feet of frontage in a highly sought-after location, ideal for developers and investors. Situated on No. 3 Road, this property offers exceptional potential for townhouse development. The existing home is livable, providing flexibility for interim use while planning redevelopment. This property must be sold in conjunction with 8011 Lucas Road, which is listed under Commercial, further expanding development possibilities. Don’t miss this high-growth opportunity in a Prime Richmond location.

General Info

Price $4,999,000
Total Bedrooms 4
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2808
Lot Size 18943
Lot Size Depth Feet
Lot Size Frontage 154
Basement Partial
Basement Features BasementFeatures

Property Metrics

Year Built 1944
Age Of Building 81
Building Type Single Family Residence
Property Type Residential
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3022302
Area Richmond
Neighbourhood Garden City
City Richmond
Gross Taxes $12,191.88
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Other

Utilities

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

Parking

Parking Type Open, Front Access, Asphalt
Total Parking Spaces 5

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Strata Restrictions -
Rental Restrictions -
Zoning RSM/L
Rental Suites -
Laundry In Unit
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Garden, No Outdoor Area
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Macdonald Realty Westmar & RE/MAX Westcoast

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
R C Palmer Secondary School
0.52 km
Elementary
Garden City Elementary School
Above Average
0.75 km
7.7/10
Elementary
Garden City Elementary School
0.75 km

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

Private Schools

Elementary
St.Paul School
0.36 km
Secondary
City Vancouver Academy
3.51 km

Closest Transit

Bus Stop
Northbound No. 3 Rd @ Lucas Rd
0.03 km
Skytrain
Skytrain @ Brighouse Stn
1.70 km

Noise/ Power Lines

Road/Hwy Noise
Possible
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 this charming community in Richmond, British Columbia, where you'll find the perfect blend of convenience, amenities, and lifestyle. I'm your trusted realtor, and I'm excited to guide you through the highlights of this incredible neighborhood.

Education

Let's start with the schools. The property at 8340 No. 3 Road is serviced by Garden City Elementary School, which boasts a rating of 7.7/10. This school is just 0.75 km away, making it an ideal choice for families. You'll also find R C Palmer Secondary School nearby, with a rating of no rating, located just 0.52 km from this home. For those seeking independent schools, St. Paul School is the closest elementary school, with a rating of 10/10, just 0.36 km away. City Vancouver Academy, a secondary independent school, is located 3.51 km from this home, with no rating.

Safety

When it comes to safety, this neighborhood has a crime rate of 7,826.57, which is considered Average compared to other Canadian cities. According to Statistics Canada's 2020 report, there were 16,909 viole nt disturbances in this area. The overall crime rate near 8340 No. 3 Road, Richmond, BC is Average, with a year-by-year change of -3.39%. While there is a High rating for drug crime, with 2,081.96 incidents per 100,000 population, the property crime rate is Average, with 3,238.66 incidents per 100,000 population. The violent crime rate is Low, with 919.25 incidents per 100,000 population.

Demographics

This neighborhood is home to a diverse population, with 36.2% of residents holding a university certificate or degree, which is High compared to other BC neighborhoods. However, 13.2% of the population has no certificate or degree, which is Below Average. The median household income near this home is $63,898, which is Average compared to the BC average. The median personal income is $20,875, which is Low compared to the BC average. The percentage of households with a mortgage is 53.1%, which is Below Average.

Transit and Lifestyle

When it comes to transit, the closest bus station is Northbound No. 3 Rd @ Lucas Rd, just 0.03 km away from this home with listing MLS® R3022302. The neighborhood offers a range of lifestyle amenities, including parks, beaches, trails, dog parks, shopping malls, grocery stores, restaurants, and coffee shops. The average value of dwellings in this neighborhood is $1,562,970, which is High compared to other areas in British Columbia. The average owner payments are High, with owners spending an average of $1,900 per month. Tenants are paying an average of $1,666 per month, which is High compared to other cities.

Community

The community in this neighborhood is family-friendly, with 71.9% of families having children, which is High. The average family size is 3, which is Above Average. The average age of the population is 42.5, which is Average compared to other BC cities. The community is also relatively stable, with a population change of -0.6% between 2011 and 2016, which is Below Average.

Real Estate

The real estate market in this neighborhood is vibrant, with a mix of owners and renters. The percentage of renters is 10.6%, which is Below Average compared to other BC cities and areas. The language spoken at home is primarily English, with 80.7% of residents speaking only English, which is Below Average. However, 15.2% of residents speak neither English nor French, which is High compared to other BC cities.

In conclusion, this neighborhood at 8340 No. 3 Road, Richmond, BC, offers an excellent combination of convenience, amenities, and lifestyle. With its diverse population, family-friendly atmosphere, and access to top-rated schools, this community is an ideal choice for families and individuals looking for a home in Richmond, BC. If you're looking for a property with MLS® R3022302, I invite you to explore this charming neighborhood and discover all it has to offer.

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 $4,999,000
Richmond No comparables
Garden City 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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