Redevelopment opportunity! Prime 6,665 sf lot with north-facing backyard in Richmond's desirable Granville neighborhood, zoned for multiplex redevelopment. Quiet yet convenient location just a short walk to transit on Railway Avenue, providing easy access to Richmond Centre, SkyTrain, and Steveston Village. Close to Thompson Community Centre, parks, walking trails, Blundell Shopping Centre, and within the McKay Elementary and Burnett Secondary catchments. Ideal to hold, build, or redevelop. Land value. Property's sold as is. Tenanted property. Do not walk on property without an appointment.
Property details
2
Beds
1 full
Baths
717 ft²
Floor area
6,665 ft²
Lot size
1950
Year built
1
Storey
3
Parking
$5,176/yr
Gross tax
Location & structure
Single Family Residence
Type
None
Basement
No
Carport
Richmond
Area
Granville
Sub-area
Rancher/Bungalow
Style
Style
Rancher/Bungalow
Basement
None
Structure
Residential Detached
Features & inclusions
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Heating
Electric
Parking
Open, Front Access, Concrete
Lot
Central Location, Recreation Nearby
Community
Shopping Nearby
Additional details
Levels
One
Main floor (ground)
717 ft²
Tax year
2025
Listed by RE/MAX Westcoast. Data from BCRES. Last updated Jul 7, 2026, 4:20 PM.
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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $259,980 down (20%) on $1,299,900, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 1,084 listings
Condo / Apartment
539
49.7%
Detached
349
32.2%
Townhouse
169
15.6%
Duplex
8
0.7%
Land
8
0.7%
Other
11
1.0%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Richmond · 205 dwellings
Single-detached170 · 82.9%
Row house20 · 9.8%
Apartment in duplex10 · 4.9%
Semi-detached5 · 2.4%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59151048· Richmond· Transit 52/100 (2381m to rapid)· 0.20 km²
Median rent here
$2,000
Owner shelter cost
$1,800
Renters
20.9%
30%+ on shelter
37.2%
Population (2021)
665
Median age
42.4
Avg household size
3.2
Avg household income
$134,000
Renters
20.9%
Owners
79.1%
Immigrants
63.1%
Post-secondary
49.2%
Avg home value
$2,080,000
Single status
29.8%
Not in labour force
38.3%
Households with kids
43.9%
Median rent
$2,000
Owner shelter cost
$1,800
30%+ on shelter
37.2%
Breakdown
Under $5,000
10
4.8%
$10,000 to $14,999
5
2.4%
$15,000 to $19,999
5
2.4%
$20,000 to $24,999
10
4.8%
$30,000 to $34,999
10
4.8%
$35,000 to $39,999
5
2.4%
$40,000 to $44,999
10
4.8%
$45,000 to $49,999
5
2.4%
$50,000 to $59,999
10
4.8%
$60,000 to $69,999
15
7.1%
$70,000 to $79,999
15
7.1%
$80,000 to $89,999
15
7.1%
$90,000 to $99,999
10
4.8%
$100,000 to $124,999
25
11.9%
$125,000 to $149,999
15
7.1%
$150,000 to $199,999
20
9.5%
$200,000 and over
25
11.9%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151048).
Market story
Rent in Richmond
Census 2021 avg $2,000/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
