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$2,498,000

4751-4771 STEVESTON HIGHWAY

Richmond · MLS® R3143284

11 bed · 7 bath · 5,149 sq ft · 14,015 sq ft lot · 10 parking

House · Multi-family · built 1968 · 94 days on market

Listed by Nicholas Narciso, Rennie & Associates Realty Ltd.

Realtor's description

Rare income property opportunity in the heart of Steveston! Situated on over 14,000 square ft of prime land, this legal duplex (circa 1970s) is on one of the last large development parcels in this highly sought-after neighborhood. The property is currently tenanted with long-term occupants, providing stable income and immediate holding security. Existing rents are below current market levels, presenting a clear value-add opportunity for future revenue growth over time. Whether held as a steady income property, repositioned for stronger yield, or land-banked for future development, this is a rare chance to acquire scale and upside in charming Steveston - a neighborhood where opportunities of this size are increasingly scarce. A long-term asset with built-in growth potential!

Property details

Type: House, Multi-family
Bedrooms: 11
Bathrooms: 7
Living area: 5,149 sq ft
Lot: 14,015 sq ft
Parking: 10
Year built: 1968
Property tax: $10,116 / yr
Days on market: 94
MLS®: R3143284

Features

Central location
All
Dishwasher
Washer & Dryer

Price check

Price per sq ft: $485 vs $756 median for houses in Richmond for sale (593)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 94 days

The market here

Listed now: 66 days; median for 618 houses for sale; this one 94 days

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

Monthly cost

$11,727/mo

Mortgage $10,884 · Tax $843

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

estimated payment

$10,884/ monthly

loan $1,998,400

25-year amortization

down payment20% · $499,60020%+ 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: $1,266,664
property transfer tax: $52,940; BC general rate
cash to close: $552,540; down + PTT
total paid: $3,265,064

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: 1,301 m² (14,004 sq ft) · PID 003-969-860. 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 John G Diefenbaker Elementaryhomes in this catchment
600 m away · 4511 Hermitage Dr, Richmond · 604-668-6639
Secondary Hugh Boyd Secondaryhomes in this catchment
1.5 km away · 9200 No. 1 Rd, Richmond · 604-668-6615

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.

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