8011 LUCAS ROAD

Richmond · MLS® C8080038

1,357 sq ft · 52,444 sq ft lot

House · Multi-family · built 1957 · 101 days on market

Listed by Peter Kalicki, Macdonald Realty Westmar

Realtor's description

Prime Investment Opportunity in Broadmoor. A rare chance to acquire 52,444 sq. ft. of holding property in one of Richmond's most sought-after locations. This asset includes five well-maintained duplexes with 10 suites. Strategically positioned just east of No. 3 Road, Laddy Court offers convenient access to Richmond Centre, the Canada Line, schools, and key amenities. This property presents strong potential for future redevelopment or long-term capital appreciation. Listed below assessed value and sold as-is, where-is, this is an outstanding opportunity for investors seeking high-growth potential in a central, high-demand area. Can be purchased with adjoining 8340 No. 3 Road if desired (MLS #R3141447)

Property details

Type: House, Multi-family
Living area: 1,357 sq ft
Lot: 52,444 sq ft
Parking: 0
Year built: 1957
Property tax: $38,555 / yr
Days on market: 101
MLS®: C8080038

Price check

Price per sq ft: $5,527 vs $758 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 101 days

The market here

Listed now: 66 days; median for 618 houses for sale; this one 101 days

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

Monthly cost

$35,890/mo

Mortgage $32,677 · Tax $3,213

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

estimated payment

$32,677/ monthly

loan $6,000,000

25-year amortization

down payment20% · $1,500,00020%+ 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: $3,803,034
property transfer tax: $293,000; BC general rate
cash to close: $1,793,000; down + PTT
total paid: $9,803,034

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

RichmondGoogle Maps ↗

Location

RichmondGoogle Maps ↗

Schools

Catchment schools, Richmond School District 38

Elementary Garden City Elementaryhomes in this catchment
800 m away · 8311 Garden City Rd, Richmond · 604-668-7855
Secondary R C Palmer Secondaryhomes in this catchment
700 m away · 8160 St. Albans Rd, Richmond

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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