7851 LUCAS ROAD, Richmond
$2,880,000
This 10,172 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.
7851 & 7871 Lucas, duplex located in Richmond's prestigious Broadmoor neighborhood. big lot 10172, 80x127 foot lots fronting on Lucas Road. There are two side by side duplex on site, almost 2000 sqft each side. Long term tenants. Roof is around 15 years old, maintain very well; Approximately half of the property has access from the back lane. One side of the duplex was updated in 2017; the other side was updated in 2023.It's wonderful to own a property with options: subdivide or Hold for good rent income. Must see.
How this price compares
This lot asks $283 per square foot of lot. That is 30% above the median of $218 across the 188 active lots VanPlex is showing in Richmond, and puts it 159 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
- $2,880,000
- Lot size
- 10,172 sqft
- Lot dimensions
- 80 x 127
- Frontage
- 80 ft
- Bedrooms
- 6
- Bathrooms
- 6
- Year built
- 1978
- MLS® area
- Broadmoor
- MLS® number
- R3169065
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.