5260 MONCTON STREET, Richmond
$1,888,800
This 9,240 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.
PRIME STEVESTON LOCATION- Check out this flexible investment opportunity to redevelop under the current RSM/L (small scale multi-unit housing) zoning OR rezone and subdivide to build two single family homes. Other options are to keep it tenated/move in while you wait for city approvals. This house also has the potential to add another rental income suite below, with a flex rec room that could be converted into a kitchen. Your options are endless! Priced below assessed & land only assessed value. 9,240 sq.ft lot with a southern exposed backyard. The time is now, don't miss this opportunity!
How this price compares
This lot asks $204 per square foot of lot. That is 6% below the median of $218 across the 191 active lots VanPlex is showing in Richmond, and puts it 75 of 191 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
- $1,888,800
- Lot size
- 9,240 sqft
- Lot dimensions
- 66 x 140
- Frontage
- 66 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1976
- Zoning
- RSM/L
- MLS® area
- Steveston South
- MLS® number
- R3155681
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-08-20.