4751-4771 STEVESTON HIGHWAY
Richmond, BC V7E2K4
$2,698,000
Amenities
Also listed: Laundry - In Suite
Property Details
Property & Lot
- Sub-type
- Fourplex
- Lot size
- 14,015 square feet
Ownership & Fees
- Property type
- Fourplex
- Ownership
- Freehold
- Annual property tax
- $10,116.15 (2025)
Interior
- Fireplace
- None
Parking
- Total spaces
- 10
Listing Information
- MLS®
- R3143284
- Listed
- July 7, 2026
- Time on market
- On the market for 56 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Rennie & Associates Realty Ltd. · Data source: CREA DDF.
Description
Rare income property opportunity in the heart of Steveston! Situated on over 14,000 square 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! (id:63159)
Values & Trends
This listing
$524/sqft
Building average
—
No other active listings in this building
Richmond average
$848/sqft
26 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
17°C
Clear
Humidity 100%
Wind WNW 13 km/h
Tonight
14°
Tuesday
21°
Tuesday night
16°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
209,937
(2021 Census)
+5.9% since 2016
Density: 1,629.1/km²
Dwellings: 85,035
Median household income: $79,000
After-tax: $71,000
Immigrant population: 60.3%
Top countries of origin (% of total population)
- China22.1% · 46,490
- Hong Kong11.6% · 24,340
- Philippines6.5% · 13,570
- Taiwan3.7% · 7,745
- India2.6% · 5,380
- United Kingdom1.1% · 2,210
- United States of America0.8% · 1,600
- Viet Nam0.7% · 1,510
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
19
4/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| James McKinney Elementary | Elementary | 545 m |
| John G Diefenbaker Elementary | Elementary | 602 m |
| Westwind Elementary | Elementary | 611 m |
| Robert A. McMath Secondary | Secondary | 674 m |
| St Joseph the Worker(Independent) | Elementary | 923 m |
| Lord Byng Elementary | Elementary | 944 m |
| Jessie Wowk Elementary | Elementary | 1.1 km |
| Tomekichi Homma Elementary | Elementary | 1.3 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Westbound Steveston Hwy @ Railway Ave | — | 77 m |
| Westbound Steveston Hwy @ Bonavista Gate | — | 117 m |
| Eastbound Steveston Hwy @ Trimaran Gate | — | 119 m |
| Southbound Railway Ave @ Steveston Hwy | — | 121 m |
| Northbound Railway Ave @ Steveston Hwy | — | 126 m |
Nearby Places
Restaurants (1)
- Okome · 11099 Number 1 Road764 m
Grocery (1)
- Hayat Supermarket · 10991 Number 1 Road757 m
Parks (5+)
- Railway Greenway279 m
- Unnamed325 m
- McKinney Neighbourhood School Park523 m
- Diefenbaker Neighbourhood School Park · 10300 Fundy Drive613 m
- McMath Neighbourhood School Park · 4251 Garry Street661 m
Banks & ATMs (1)
- BMO · 3900 Steveston Highway747 m
Nearby places data: © OpenStreetMap contributors.
School district: Richmond (SD38)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($539,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.