Rare income property opportunity in the heart of Steveston! Situated on over 14,000 sq ft of prime land, this legal duplex (circa 1970s) is on one of the last large development parcels in this highly sought-after neighborhood. The property is currently tenanted with long-term occupants, providing stable income and immediate holding security. Existing rents are below current market levels, presenting a clear value-add opportunity for future revenue growth over time. Whether held as a steady income property, repositioned for stronger yield, or land-banked for future development, this is a rare chance to acquire scale and upside in charming Steveston — a neighborhood where opportunities of this size are increasingly scarce. A long-term asset with built-in growth potential!
Address
4751 - 4771 Steveston Highway
List Price
$2,888,000
Property Type
Residential Income
Type of Dwelling
Quadruplex
Structure Type
Multi Family
Transaction Type
Sale
Area
Richmond
Sub-Area
Steveston North
Bedrooms
11
Bathrooms
7
Floor Area
5,003 Sq. Ft.
Main Floor Area
841
Lot Size
14015 Sq. Ft.
Lot Size (Acres)
0.32 Ac.
Lot Features
Central Location
Lot Size Units
Square Feet
Total Building Area
5149
Year Built
1968
MLS® Number
R3091654
Listing Brokerage
Rennie & Associates Realty Ltd.
Basement Area
None
Postal Code
V7E 2K4
Zoning
RS1/E
Ownership
Freehold NonStrata
Parking
Detached, Tandem, Front Access
Parking Places (Total)
10
Tax Amount
$10,116.15
Tax Year
2025
Site Influences
Balcony, Central Location, Garden, Private Yard
Exterior Features
Garden, Balcony, Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove, Microwave
Interior Features
Storage
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Fireplace
Yes
Fireplace Features
Electric, Wood Burning
Number of Fireplaces
3
Garage
Yes
Carport
Yes
Laundry Features
In Unit
Levels
Two
Number Of Floors In Property
2
Security Features
No Fire Sprinkler System, No Smoke Detector(s)