7700 SCHAEFER AVENUE, Richmond
$1,899,000
This 9,442 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 opportunity with this centrally located property in Broadmoor; on the edge of Sunnymede. Zoned RSM/L, a multitude of options exist including redevelopment of a 4-dwelling unit or neighboring property consolidation and subdivision! Desirable neighborhood close to shopping, restaurants, grocery stores, and everyday amenities, with major commercial areas along No. 3 Rd, Garden City Rd and Steveston Hwy nearby. Close proximity to schools, including W D Ferris Elementary and R.C. Palmer Secondary. Recreation is equally convenient, with Minoru Centre for Active Living and South Arm Community Centre. Convenient transit access provides connections to the Canada Line and Vancouver. Measurements are approximate; buyers should seek independent verification, if important. Photos virtually staged
How this price compares
This lot asks $201 per square foot of lot. That is 8% below the median of $218 across the 191 active lots VanPlex is showing in Richmond, and puts it 69 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
- $1,899,000
- Lot size
- 9,442 sqft
- Lot dimensions
- 0.01 x
- Frontage
- 0.01 ft
- Bedrooms
- 5
- Bathrooms
- 4
- Year built
- 1974
- Zoning
- RSM/L
- MLS® area
- Broadmoor
- MLS® number
- R3155822
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-08-14.