7540 No. 2 Road, Richmond, V7C 3L9 — photo 1

$1,999,999

7540 No. 2 Road, Richmond, V7C 3L9
Active
6 Bedrooms 4 Bathrooms 3,564 sqft Built 1968 Residential
2 Listing Signals Detected
Tenant OccupiedNote

BC tenancy law requires proper notice periods. Confirm tenant status and end-of-tenancy timelines with your agent.

Renovation RequiredNote

Likely needs work. Get contractor quotes before making an offer — renovation costs can exceed expectations.

About This Property

Investor & Builder Alert! Rare opportunity to own a large 10,980 sq ft lot (85.8 ft frontage) in central Richmond with huge future development potential—possible 6–8 townhouse units (verify with City). The home offers plenty of space and mortgage helper income, including a rented 2-bedroom suite with separate entrance and another vacanted 1-bedroom suite with separate entrance. Upper level has 3 bedrooms, spacious living/dining areas, and a huge covered deck. Circular driveway, big workshops, and two garages (one attacehd with house, the other on the back yard). Located in Blundell Elementary and Richmond Secondary (IB Program) catchments, near shopping, parks, and transit. Live in, rent out, or redevelop — endless options on this prime lot!

Legal SuiteFireplace

Property Details

MLS #

R3020986

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RS1/E

Bedrooms

6

Full Baths

4

Half Baths

0

Kitchens

3

Fireplaces

3

Living Area

3,564 sqft

Main Floor

1,410 sqft

Above Main

744 sqft

Lot Size

10,980 sqft

Lot Dimensions

85.83 x 136.55

Frontage

85.83

Year Built

1968

Age

58 years

Roof

Asphalt

Construction

Frame Wood, Brick (Exterior)

Structure

Residential Detached

Parking Stalls

10

Garage Spaces

3

Parking Type

Detached, Garage Double, Garage Single, Front Access

Original Price

$2,580,000

Taxes

$6,358.12/yr

Listed

2025-06-25

MLS Area

Granville

City

Richmond

Postal Code

V7C 3L9

Features & Finishes

Heating

Baseboard · Hot Water · Natural Gas

Flooring

Mixed

Appliances

Washer/Dryer · Dishwasher · Refrigerator · Stove · Freezer

Fireplace

Wood Burning

Patio / Porch

Patio · Deck

Exterior Features

Balcony

Building & Community

Transit

HALF BLOCK

Schools

HALF BLOCK

Fencing

Fenced

Water Source

Public

Sewer

Other

Utilities

Electricity Connected, Natural Gas Connected

Disclosures

Property Disclosure

Yes

Coordinates: 49.157613, -123.158520 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market28% below market $/sqft
Days on market313 days — significantly stale, strong negotiation position
Price historyPrice dropped 22% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 95% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$1,856,008

7.2% below asking price

Negotiation Range

$1,806,008$1,886,008

$80,000 spread

$1,806,008$1,999,999 ask

Based on 13 recent sales, a starting offer around $1,856,008 (7.2% below ask) is reasonable. Your negotiation range is $1,806,008 – $1,886,008.

What's factored in

Market baseline13 recent Richmond sales closed at median 95.2% of list price
Price already reducedSeller dropped from 22% off original ask — indicates motivation
Extended market time313 days listed — well above market avg of 158 days, increased negotiation leverage
Above-average DOM313d vs market avg of 158d — property may have a pricing or condition issue

Based on 13 residential sales in Richmond (last 60 days) · Updated May 4

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