12115 1st Ave, Richmond, BC, MLS® R2983575

$2,998,000
Est. Mortgage /mo

16.3% price reduce

$2,998,000
$3,580,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
0 Beds
6 Baths
2 Stories
$ 0 Maint. Fee
5396 sqft
1982 built
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Schools
Crime
Commute
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12115 1st Ave, Richmond, BC | MLS® R2983575 Property Details

16.3% price reduce

Discover a prime real estate opportunity in the vibrant heart of Steveston Village with this unique mixed-use property. Offering an impressive 5,396 sf of space on a 6600 sf lot, this two-story building features 2 retail units at street level & 4 residential condos above. Each residential suite boasts a comfortable 1 bdrm layout complete with in-suite laundry, a dishwasher & an individual h/water tank. Perfect for generating rental income all units are separately metered, enhancing ease of management. The property includes 11 convenient parking spots at the rear adding value for both shoppers and residents alike. Situated just steps from the scenic Fisherman's Wharf, local shops, & gourmet dinners, this location promises a lively & convenient lifestyle.

General Info

Price $2,998,000
Total Bedrooms 0
Total Bathrooms 6
Half Bathrooms 0
Floor Area Total (sqft) 5396
Lot Size 6600
Lot Size Depth Feet
Lot Size Frontage 50
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1982
Age Of Building 43
Building Type Other
Property Type Residential Income
Stories 2
Building Features BuildingFeatures
Structures Multi Family

Additional Details

MLS # R2983575
Area Richmond
Neighbourhood Steveston Village
City Richmond
Gross Taxes $18,232.63
Ownership Type Freehold Strata
Maintenance Fee 0
Community Features Shopping Nearby
Fixtures Included 1

Heating & Cooling

Fireplace 0
Heating Type Baseboard, Forced Air

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Rear Access
Total Parking Spaces 11

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Strata Restrictions No Restrictions
Pet Restrictions Yes
Rental Restrictions -
Zoning CS3
Rental Suites -
Laundry In Unit
# of Kitchens 0
Foundation Concrete Perimeter
Locker -
View Description -
Units In Development 6
Exterior Features Balcony
Sewer Public Sewer

Property History

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Status Date Price
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Listed by: TRG The Residential Group Downtown Realty

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary
Robert Alexander McMath Secondary School
0.6 km
No Rating
Elementary
Lord Byng Elementary School
Average
0.55 km
Rating 6.7/10
Elementary
Lord Byng Elementary School
0.55 km
No Rating

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Joseph the Worker School
1.97 km
No Rating
Elementary, Secondary
Richmond Christian School
6.8 km
Rating 9.3/10

Closest Transit

Translink
Steveston Exchange @ Bay 2
0.08 km
Welcome to 12115 1st Avenue, Richmond, BC - A Charming Neighborhood with Endless Possibilities!

As we walk through the beautiful streets of Steveston Village, you'll notice the warm and inviting atmosphere that makes this community a sought-after destination. Located at 12115 1st Avenue, this stunning property is not only a dream home but also a gateway to a world of opportunities.

Excellent Education Options

The property is serviced by Lord Byng Elementary School, which boasts a rating of 6.7/10, making it an excellent choice for families. In fact, Lord Byng Elementary School's proximity to this home is just 0.55 km away, ensuring that your little ones can easily access quality education. Additionally, Robert Alexander McMath Secondary School, with a rating of No Rating, is just 0.6 km from this property, providing students with access to a comprehensive secondary education.

Safe and Vibrant Community

According to Statistics Canada's 2020 report, this neighborhood has an overall crime rate of 7,826.57, which is Average compared to other Canadian cities. The rate is measured as the number of incidents per 100,000 population. While there were 16,909 volation disturbances in the area, the community remains a safe and vibrant place to live, work, and play. Moreover, the year-by-year change in the total crime rate is -3.39%, indicating a downward trend in crime rates.

Thriving Community with A Strong Economy

The neighborhood is home to a diverse population, with 30.7% of residents holding a university certificate/degree, which is Above Average compared to other BC neighborhoods. The median household income is $84,053, also Above Average in comparison to the British Columbia average. Furthermore, the unemployment rate is 5.7%, which is Below Average in comparison to other province neighborhoods.

A Hub for Commuters and Families

With the Steveston Exchange @ Bay 2 bus station just 0.08 km away, residents can easily access public transportation to explore the city and its many attractions. The average size of families in the area is 2.9, which is Average compared to the whole region. Moreover, 67% of families with children live in the neighborhood, making it an excellent choice for families.

A Home to Remember

This property is a gem in the heart of Steveston Village, with an average value of dwellings in the neighborhood around $1,101,567, which is High compared to other areas in British Columbia. The average owner payments are Above Average, with owners spending an average of $1,469 per month. Tenants, on the other hand, pay $1,266 per month, also Above Average compared to other cities.

A Community with a Rich History

The Steveston Village has a rich history, with a population change between 2011 and 2016 of 2.5%, which is Above Average compared to the average growth rate of this region. The population density per square kilometre is 3,883.8, which is High. Moreover, the average age of the population is 43.4, which is Above Average in comparison to other BC cities.

Experience the Best of Richmond, BC

At 12115 1st Avenue, Richmond, BC, MLS® R2983575, you'll find a home that offers the perfect blend of comfort, convenience, and community. Whether you're a family looking for a safe and vibrant environment or a professional seeking a hub for commuters, this property has everything you need. Come and experience the best of Richmond, BC!

Key Features:
  • Lord Byng Elementary School (0.55 km)
  • Robert Alexander McMath Secondary School (0.6 km)
  • Steveston Exchange @ Bay 2 bus station (0.08 km)
  • Average dwelling value: $1,101,567
  • Average owner payments: $1,469 per month
  • Average tenant payments: $1,266 per month
  • Population density per square kilometre: 3,883.8
  • Average age of the population: 43.4
  • 35.5% of the population are renters (Above Average)
Don't miss out on this incredible opportunity! Contact me today to schedule a viewing and make 12115 1st Avenue, Richmond, BC, your dream home!
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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $2,998,000
Richmond No comparables
Steveston Village No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
778-918-5990
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