3880 NO. 3 ROAD, Richmond
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)
Status
Active
Property Type
Vacant Land
Annual Tax
$63,781
Tax Year
2023
Data Source
Greater Vancouver REALTORS®
Lot Size
18212.0 sqft
Utilities
$4,300,000
Office
RE/MAX City Realty
Loan Amount:
$3,440,000
Estimated Monthly Payment:
$16,764
This is an estimate for informational purposes only. Consult with a financial advisor.
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