3880 NO. 3 ROAD

Richmond · MLS® C8077201

18,212 sq ft lot

Land · Vacant Land · 203 days on market

Listed by Garrett Chu, RE/MAX City Realty

Realtor's 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.

Property details

Type: Land, Vacant Land
Lot: 18,212 sq ft
Parking: 0
Property tax: $63,781 / yr
Days on market: 203
MLS®: C8077201

Property insights

On market 203 days

The market here

Listed now: 155 days; median for 36 homes for sale; this one 203 days

Homes in Richmond. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$24,050/mo

Mortgage $18,735 · Tax $5,315

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$18,735/ monthly

loan $3,440,000

25-year amortization

down payment20% · $860,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,180,406
property transfer tax: $133,000; BC general rate
cash to close: $993,000; down + PTT
total paid: $5,620,406

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 1,694 m² (18,234 sq ft) · PID 017-682-550. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary City Centre Elementaryhomes in this catchment
Secondary A.R. MacNeill Secondaryhomes in this catchment
2.7 km away · 6611 No. 4 Rd, Richmond · 604-668-6212

From the Richmond School District 38's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Good to know

Wildfire
The BC Wildfire Service rates Vancouver's wildland urban interface as risk class 5 of 5 (lowest; 1 is the highest). One wildfire of 10 hectares or more burned within 5 km since 2006: 2018 (13 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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