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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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5260 Moncton Street, Richmond
MLS®: R3155681
2097
Sq.Ft.
2
Baths
3
Beds
9,240
Lot SqFt
1976
Built
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Description
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!
Taxes (2025): $6,725.98
Amenities
Shopping Nearby
Garden
Private Yard
Storage
In Unit
Features
Washer
Dryer
Refrigerator
Stove
Security System
Smoke Detector(s)
Listed By: RE/MAX Westcoast
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.