3880 No 3 Road, Richmond
- Type: Lots and Land
- Added: 37 days ago
- Updated: 31 days ago
- Last Checked: 7 hours ago
Stabilized FREEHOLD INVESTMENT opportunity along Richmond's Golden Corridor! 18,212 sq.ft lot with 148' of frontage along No. 3 Rd and across the street from Aberdeen Station on the Canada Line. OCP designated for high density (up to 3.0 FSR) as part of "Aberdeen Village Urban Centre T5", zoned for a wide range of COMMERCIAL uses. Land is currently leased long term (68 remaining years) to the Radisson Hotel and partially subletted to BMO. Purchaser to assume the existing triple net lease (including multiple escalation clauses) providing a stable return while owning a prime parcel for future redevelopment. The yearly net income for 2024 is approx. $130,000. (id:1945)
Exterior & Lot Features
- Lot Size Units: square feet
- Building Features: Street Lighting
- Lot Size Dimensions: 18212
Utilities & Systems
- Utilities: Water
Tax & Legal Information
- Tax Year: 2023
- Tax Annual Amount: 63780.99
- Zoning Description: ZC1
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