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3880 NO. 3 ROAD, Richmond

MLS® #C8077201
About this Property

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 until 2091 (65 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 2026 is approx. $135,783. (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Annual Tax

$63,781

Tax Year

2023

Data Source

Greater Vancouver REALTORS®

Exterior & Lot

Lot Size

18212.0 sqft

Building & Utilities

Utilities

Water

$4,300,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

RE/MAX City Realty

Mortgage Calculator
$860,000

Loan Amount:

$3,440,000

Estimated Monthly Payment:

$16,764

This is an estimate for informational purposes only. Consult with a financial advisor.