6340 NO. 1 ROAD

Richmond · MLS® R3174035

6 bed · 3 bath · 2,566 sq ft · 10,642 sq ft lot · 8 parking

House · Single Family · built 1953 · listed today

Listed by Sarah Zhang, eXp Realty

Realtor's description

RARE DEVELOPMENT OPPORTUNITY IN WEST RICHMOND! Exceptional 10,642 sq.ft. rectangular lot with 67.7 ft frontage, directly beside Thompson Elementary Park. Potential to build TWO DETACHED HOMES with a combined floor area of approx. 5,846 sq.ft. (2,923 sq.ft. each). Each home could include a legal secondary suite, offering up to FOUR living units, subject to City approval. Existing home features 3 beds/2 baths upstairs and 3 beds/1 bath downstairs, with separate kitchens, generating nearly $5,000/month in rental income. Excellent holding property with outstanding redevelopment potential. Close to schools, shopping and transit. Build, invest or hold! Buyer to verify development potential with City of Richmond.

Property details

Type: House, Single Family
Bedrooms: 6
Bathrooms: 3
Living area: 2,566 sq ft
Lot: 10,642 sq ft
Parking: 8
Year built: 1953
Property tax: $6,150 / yr
Days on market: 0
MLS®: R3174035

Features

Price check

Typical for the area (+0.9%)

Price per sq ft: $763 vs $757 median for houses in Richmond for sale (596)

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 0 days

The market here

Listed now: 66 days; median for 622 houses for sale; this one listed today

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

Monthly cost

$9,043/mo

Mortgage $8,531 · Tax $512

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

estimated payment

$8,531/ monthly

loan $1,566,400

25-year amortization

down payment20% · $391,60020%+ 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: $992,845
property transfer tax: $37,160; BC general rate
cash to close: $428,760; down + PTT
total paid: $2,559,245

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: 988 m² (10,635 sq ft) · PID 006-142-184. 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 Spul'u'kwuks Elementaryhomes in this catchment
500 m away · 5999 Blanshard Dr, Richmond · 604-303-5100
Secondary J.N. Burnett Secondaryhomes in this catchment
900 m away · 5011 Granville Ave, Richmond · 604-668-6478

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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