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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)
