8271 NO. 1 ROAD, Richmond
$1,799,800
This 7,258 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.
Perfect redevelopment opportunity in the highly desirable Seafair neighbourhood of West Richmond. Situated on a 66' x 110' lot with RSM/L zoning, the property offers excellent potential for a duplex, multiplex, or even townhouse development, subject to City approvals.The lot also features the increasingly rare benefit of backlane access, a significant advantage for future redevelopment. There may also be an opportunity for a land assembly with neighbouring properties, providing additional development potential for the right buyer.A rare opportunity to acquire a well-positioned redevelopment site in one of West Richmond’s most sought-after neighbourhoods.
How this price compares
This lot asks $248 per square foot of lot. That is 14% above the median of $218 across the 188 active lots VanPlex is showing in Richmond, and puts it 132 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
- $1,799,800
- Lot size
- 7,258 sqft
- Lot dimensions
- 66 x 110
- Frontage
- 66 ft
- Bedrooms
- 4
- Bathrooms
- 1
- Year built
- 1956
- Zoning
- RSM/L
- MLS® area
- Seafair
- MLS® number
- R3168502
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Listing data via MLS®. Displayed for information only. Zoning RSM/L stamped from the city record on 2026-09-22.