




$2,498,000
Listed by: Rennie & Associates Realty Ltd. · MLS®
Rare income property opportunity in the heart of Steveston! Situated on over 14,000 sq 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!
MLS® #
R3143284
Status
Active
Type
Residential Income
Sub-type
Quadruplex
Ownership
Freehold NonStrata
Bedrooms
11
Full Baths
7
Half Baths
0
Fireplaces
3
Living Area
5,003 sqft
Main Floor
841 sqft
Lot Size
14,015 sqft
Year Built
1968
Age
58 years
Structure
Multi Family
Parking Stalls
10
Parking Type
Detached, Tandem, Front Access
Taxes
$10,116.15/yr
MLS® Area
Steveston North
City
Richmond
Postal Code
V7E 2K4
Heating
Forced Air · Natural Gas
Appliances
Washer/Dryer · Dishwasher · Refrigerator · Stove · Microwave
Laundry
In Unit
Fireplace
Electric · Wood Burning
Security
No Fire Sprinkler System · No Smoke Detector(s)
Interior Features
Storage
Exterior Features
Garden · Balcony · Private Yard
Lot Features
Central Location
Coordinates: 49.133930, -123.171409 · Map data © Google
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Not in the Agricultural Land Reserve.
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ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.
Building permit history is currently available for City of Vancouver properties only.