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Permitted Land Use
RARE OPPORTUNITY to own 1/3 acre of Prime Land in the Heart of Richmond Town Centre. This High Visibility Location is located on the corner of No. 3 Road w/car access to the south, off Bennett Rd. The property is zoned Industrial-Commercial (CG1 & CA) with Rezoning to Permit Commercial uses. Building & grounds are prime. Superior Demographics as this area is surrounded by Retail Services plus high and low density residential housing. Many options for this property - Holding and Future Redevelopment Potential make this a Huge Asset in anyone’s Portfolio. Potential 1.5FSR 5 Story Rental Building, which could bring in over $700,000 rent income yearly.MLS® Number C8054450
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- The amounts shown above are for information purposes only and do not include taxes, if applicable.
- You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
- This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
- There are additional costs to buying a home. Speak with your REALTOR® for more information.