7140 No. 4 Rd, Richmond, BC, MLS® R3025688

$2,670,000
Est. Mortgage /mo

$2,670,000
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
5 Beds
4 Baths
2 Stories
lot 24400 sqft
3917 sqft
1980 built
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Schools
Crime
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7140 No. 4 Rd, Richmond, BC | MLS® R3025688 Property Details

Investor Opportunity! Explore the potential of two adjacent properties, encompassing 1.12 acres on No. 4 Road. These lots hold significant long-term value. The site boasts a well-maintained garden with privacy hedges, a double garage, and a lengthy driveway leading to an RV pad with power. The home spans 3,917 sq ft, including a large hobby room (a gym or music studio) & a sauna. Recent updates in 2019 enhance its value. Located in a vibrant neighborhood, the properties are within walking distance to schools, and a short drive to parks, Lansdowne Centre, and SkyTrain access. Major destinations like Richmond Centre, Steveston, Vancouver Airport, and downtown Vancouver are just minutes away. Capitalize on the expansive potential of these lots combined with the convenience of urban amenities.

General Info

Price $2,670,000
Total Bedrooms 5
Total Bathrooms 4
Half Bathrooms 0
Floor Area Total (sqft) 3917
Lot Size 24400
Lot Size Depth Feet
Lot Size Frontage 80
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1980
Age Of Building 45
Building Type Single Family Residence
Property Type Residential
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R3025688
Area Richmond
Neighbourhood McLennan
City Richmond
Gross Taxes $6,388.5
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby

Heating & Cooling

Fireplace 2
Heating Type Natural Gas, Radiant

Utilities

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

Parking

Parking Type Additional Parking, Garage Double, Front Access
Total Parking Spaces 15

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Strata Restrictions -
Rental Restrictions -
Zoning AG1
Rental Suites -
# of Kitchens 1
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Private Yard
Sewer Septic Tank, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
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Listed by: Royal Regal Realty Ltd. & Royal Regal Realty Ltd.

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

Elementary
Henry Anderson Elementary School
Average
0.53 km
Rating 6.9/10
Secondary
A.R. MacNeill Secondary School
0.34 km
No Rating
Elementary
Henry Anderson Elementary School
0.53 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.Paul School
1.58 km
Rating 10/10
Secondary
City Vancouver Academy
2.58 km
No Rating

Closest Transit

Translink
Southbound No. 4 Rd @ Granville Ave
0.13 km

Welcome to 7140 No. 4 Road, a charming community in the heart of Richmond, BC! As your trusted realtor, I'm excited to share with you the unique characteristics and amenities that make this neighborhood a wonderful place to call home.

Education

Just down the road, you'll find Henry Anderson Elementary School, rated 6.9/10, and conveniently located only 0.53 km from our property with MLS® R3025688. This school is a great choice for families, with a strong focus on academic excellence. Other nearby schools include A.R. MacNeill Secondary School, rated No Rating, and St. Paul School, an independent elementary school with a stellar rating of 10/10, located 1.58 km from this home.

Safety

As we walk through the neighborhood, you'll notice a sense of peace and security. According to Statistics Canada's 2020 report, the crime rate near 7140 No. 4 Road, Richmond, BC is 7,826.57, which is considered Average compared to other Canadian cities. While there were 16,909 reported disturbances in the area, the overall crime rate is relatively low. You'll feel safe strolling through the neighborhood, knowing that the local community is vibrant and welcoming.

Lifestyle

Let's talk about the people who call this neighborhood home. With 39.3% of residents holding a university certificate or degree, this area is a hub of academic achievement. In fact, it's one of the highest percentages in all of BC! You'll also notice that 11.7% of the population has no certificate or degree, which is Low compared to the average in BC. This diversity is a testament to the neighborhood's inclusive and supportive community.

Transit

Getting around is a breeze in this neighborhood. The closest bus station, Southbound No. 4 Rd @ Granville Ave, is just 0.13 km away from our property with MLS® R3025688. Whether you're commuting to work, running errands, or exploring the city, you'll find it easy to get where you need to go.

Demographics

Here are some fascinating facts about the people who live in this neighborhood:

  • Median Household Income: $58,829 (Below Average compared to BC)
  • Median Personal Income: $22,743 (Low compared to BC)
  • % of Households with a Mortgage: 68.5% (Above Average)
  • Unemployment Rate: 5.1% (Low compared to other provinces)
Real Estate

Our property with MLS® R3025688 is a wonderful example of Richmond's diverse housing market. With an average dwelling value of $737,093, this neighborhood is one of the most affordable in the region. The average owner payments are Above Average, with homeowners spending $1,473 per month on their properties. Tenants, on the other hand, are paying $1,558 per month, which is High compared to other cities.

Community

This neighborhood is a true gem, with a vibrant mix of cultures, ages, and backgrounds. You'll find a strong sense of community here, with 68.8% of families having children and 63.5% of residents being married or living common law. The average age of the population is 37.9, which is Below Average compared to other BC cities.

Amenities

Just a short walk from our property with MLS® R3025688, you'll find a variety of amenities, including:

  • Parks and trails: perfect for outdoor enthusiasts
  • Shopping malls and grocery stores: convenient for daily errands
  • Restaurants and coffee shops: a great place to meet friends or grab a quick bite
  • Hospitals: nearby medical facilities for peace of mind

Come and experience the charm of 7140 No. 4 Road, Richmond, BC for yourself. With its excellent schools, safe community, and diverse amenities, this neighborhood is a wonderful place to call 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 $2,670,000
Richmond No comparables
McLennan 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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