11551 MONTEGO STREET, Richmond
$1,888,000
This 8,859 sqft property in Richmond is a detached single-family home on a lot the new rules make suitable for a multiplex. Richmond applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. Richmond's flat, regular lots often make the layout simpler than in hillier cities.
Well-maintained two-storey detached home situated on a spacious 8,859 sq. ft. corner lot in the desirable East Cambie neighbourhood of Richmond. The home features 5 bedrooms, 2 bathrooms, two separate living areas, and separate entry access, offering flexibility for family living, rental use, or future plans. Conveniently located close to schools, shopping, restaurants, and everyday amenities, with easy access to Vancouver, Burnaby, and Highway 91.Property offers significant future potential. The site may have potential for redevelopment into 2 single-family homes or 2 duplexes. A rare opportunity to own a large, well-located lot with both immediate residential/rental potential and future redevelopment possibilities.
How this price compares
This lot asks $213 per square foot of lot. That is 2% below the median of $218 across the 188 active lots VanPlex is showing in Richmond, and puts it 90 of 188 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,888,000
- Lot size
- 8,859 sqft
- Lot dimensions
- 0 x
- Frontage
- 0 ft
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- 1966
- Zoning
- RSM/L
- MLS® area
- East Cambie
- MLS® number
- R3167768
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-09-21.