LOT39 &40 Gazetted Rd, Richmond BC - Land for Sale - MLS# R3069390

291 days on the market
$568,000
Est. Mortgage $2,513/mo
Listing updated:
EstateBlock checked:
0 sqft
89.4% cheaper than comps
291 days on the market
$568,000
Est. $2,513/mo with 20% down
Listing updated:
EstateBlock checked:

Property Details for LOT39 &40 Gazetted Road

89.4% cheaper than comps

Prime holding opportunity in Richmond’s McLennan area—1.225 acres, AG1-zoned, ideally situated near Shell Road and Granville Avenue. This two-lot property sits within Central Richmond, offering strategic, long-term potential for future development. Current zoning allows for agricultural and farming uses only, and the construction of any buildings or structures is not presently permitted unless directly related to approved agricultural operations. This land is best suited for buyers seeking agricultural use now, with an eye to development possibilities as city planning and zoning policies evolve in coming years

Exterior Features

Structures Land Only

Building Details

Price $568,000
Property Type Land
Ownership Type Freehold NonStrata
Utility Type Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available
Water (WaterSource) None

Lot & Land

Lot Size 1.23
Lot Size Depth Feet
Lot Size Frontage 0
MLS® # R3069390
Area Richmond
Neighbourhood McLennan
City Richmond
Postal Code V0V 0V0
Gross Taxes $1,765
Zoning AG1

Property Timeline

Status Date Price
R3069390 / Active 11-19-2025 $568,000

Listed by: Royal Regal Realty Ltd.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Map & Neighbourhood

Public Schools

Elementary
Kingswood Elementary School
Average 1.71 km 6.8/10
Secondary
Matthew McNair Secondary School
2.17 km
Elementary
Kingswood Elementary School
1.71 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
Cornerstone Christian Academy
Above Average 0.94 km 10/10
Elementary, Secondary
Richmond Christian School
Above Average 2.61 km 9.3/10

Closest Transit

Bus Stop
Northbound No. 5 Rd @ 7300 Block
0.76 km
Skytrain
Skytrain @ Brighouse Stn
2.62 km

Crime Rate

Total Crime Rate
Average
Violent Crime Rate
Low
Property Crime Rate
Average

Demographics

Post-Secondary Education
Below Average 25.9%
No Certificate/Degree
Above Average 16.6%
Owner Occupied
Below Average 59.6%
Employment Rate
Above Average 68.8%

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Possible
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Possible
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Sell Speed & Competition

66 / 100
Overall sell-speed score
Likely within weeks
A+
Price competition grade
Avg comparable: $1,075,792
Buyer's
Market conditions
Buyer's market — more supply than demand
Flood Risk (FEMA/BC)
Unlikely — not in floodplain
Railway / Skytrain noise
Possible — near transit
Road / Highway noise
Possible — major road nearby
Airport noise (YVR)
Unlikely
Power lines proximity
Unlikely
ALR (Agricultural Land Reserve)
Yes — in ALR
How MCLENNAN compares
This property
291 DOM
Slower than area
McLennan avg
42 DOM
Average
Richmond avg
42 DOM
Faster market

LOT39 &40 Gazetted Road has a sell-speed score of 66/100, placing it in the "Expected to sell within weeks" band. The listing is priced 89.4% below comparable active properties in McLennan, which is a strong competitive signal. The local market is currently a Buyer's Market with a sales-to-active ratio of 10.7% and an area average of 42 days on market — buyers have more leverage. With only 653 competing homes currently listed, this property has significant competition. Based on these signals, EstateBlock predicts this listing is likely to sell within a few weeks.

Climate Risk for V0V 0V0

Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V0V 0V0, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).

Flood Lower Risk

Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.

Fire Low

Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.

Air Quality A / Excellent

Annual avg PM2.5 4.3 µg/m³ — meets WHO 2021 guideline (BC ENV 2024). Nearest station: Richmond South, Richmond (~2.2 km). Annual avg AQHI 2 — Low Risk.

Heat Low

Richmond currently sees ~1 day above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.8 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~3 projected.

Precipitation Typical for region

Annual precipitation ~1117 mm (1981–2010 baseline), projected ~1159 mm by the 2050s. Extreme 1-day rainfall: ~39.9 mm baseline, ~44.4 mm projected. Values vary modestly across the Lower Mainland.

Drought Stable

Longest annual dry spell (consecutive dry days): ~25 days baseline, ~27 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.

Nearby Restaurants, Cafes & Shops

Shopping (1 nearby)

  • Florist on the fifth · 914 m · Florist

Transit (1 nearby)

  • Bus stop southbound no. 5 rd @ 6400 block · 977 m · Transit

Schools NearBy

31 Schools are within 3km

School Type Grades Served Catchment Info Rating Distance

Cornerstone Christian Academy

Independent

Grades Served

K-7

Catchment Info

9.5 / 10

Distance

942 m

A.R. MacNeill Secondary School

Public

Grades Served

8-12

Catchment Info

6.9 / 10

Distance

1.01 KM

BC Muslim School

Independent

Grades Served

Catchment Info

6.5 / 10

Distance

1.26 KM

Henry Anderson Elementary School

Public

Grades Served

K-7

Catchment Info

7.8 / 10

Distance

1.31 KM

Az-Zahraa Islamic Academy

Independent

Grades Served

K-7

Catchment Info

7.1 / 10

Distance

1.34 KM

Richmond Jewish Day School

Independent

Grades Served

K-7

Catchment Info

0

Distance

1.55 KM

Howard De Beck Elementary

Public

Grades Served

Catchment Info

7.7 / 10

Distance

1.64 KM

Kingswood Elementary School

Public

Grades Served

K-7

Catchment Info

In Catchment
6.1 / 10

Distance

1.72 KM

Garden City Elementary School

Public

Grades Served

K-7

Catchment Info

8.3 / 10

Distance

1.96 KM

William Cook Elementary School

Public

Grades Served

K-7

Catchment Info

6.2 / 10

Distance

1.98 KM

R C Palmer Secondary School

Public

Grades Served

8-12

Catchment Info

7.6 / 10

Distance

2.13 KM

Matthew McNair Secondary School

Public

Grades Served

8-12

Catchment Info

In Catchment
6.3 / 10

Distance

2.17 KM

Walter Lee Elementary School

Public

Grades Served

K-7

Catchment Info

6.9 / 10

Distance

2.18 KM

General Currie Elementary School

Public

Grades Served

K-7

Catchment Info

6.5 / 10

Distance

2.28 KM

St.Paul School

Independent

Grades Served

K-7

Catchment Info

8.4 / 10

Distance

2.29 KM

Virtuelle

Public

Grades Served

Catchment Info

0

Distance

2.40 KM

Maple Hill School

Independent

Grades Served

Catchment Info

5.6 / 10

Distance

2.46 KM

Daniel Woodward Elementary School

Public

Grades Served

K-7

Catchment Info

6.9 / 10

Distance

2.51 KM

Richmond Christian School

Independent

Grades Served

K-12

Catchment Info

8.9 / 10

Distance

2.61 KM

Tomsett Elementary School

Public

Grades Served

K-7

Catchment Info

7.5 / 10

Distance

2.61 KM

James Whiteside Elementary School

Public

Grades Served

K-7

Catchment Info

7.2 / 10

Distance

2.66 KM

Kathleen McNeely Elementary School

Public

Grades Served

K-7

Catchment Info

7.5 / 10

Distance

2.71 KM

Continuing Ed SD 38

Public

Grades Served

Catchment Info

2.6 / 10

Distance

2.74 KM

Thomas Kidd Elementary School

Public

Grades Served

K-7

Catchment Info

6.7 / 10

Distance

2.75 KM

Windsor Hall

Independent

Grades Served

Catchment Info

0

Distance

2.84 KM

Hugh McRoberts Secondary School

Public

Grades Served

8-12

Catchment Info

8.0 / 10

Distance

2.86 KM

Canada Star Secondary School

Independent

Grades Served

11-12

Catchment Info

7.9 / 10

Distance

2.86 KM

Richmond Secondary

Public

Grades Served

Catchment Info

8.1 / 10

Distance

2.91 KM

Mitchell Elementary School

Public

Grades Served

K-7

Catchment Info

5.9 / 10

Distance

2.92 KM

Cambie Secondary

Public

Grades Served

Catchment Info

6.4 / 10

Distance

2.97 KM

Pythagoras Academy

Independent

Grades Served

K-7

Catchment Info

8.4 / 10

Distance

3.00 KM

Pre-computed routes from LOT39 &40 Gazetted Rd, Richmond, BC

By transit (Skytrain)

  • Downtown Vancouver via Brighouse → Waterfront
    59 min
  • Metrotown, Burnaby via Brighouse → Metrotown
    77 min
  • SFU Burnaby via Brighouse → Production Way
    84 min
  • Richmond Centre
    34 min
  • YVR Airport via Brighouse → YVR-Airport
    47 min

By car (off-peak)

  • Downtown Vancouver via HWY 1 / Grandview
    17 min
  • Metrotown, Burnaby via Lougheed Hwy
    12 min
  • SFU Burnaby via Gaglardi Way
    20 min
  • Richmond Centre via No. 3 Rd
    3 min
  • YVR Airport via Bridgeport / Sea Island
    8 min

Calculate your commute

LOT39 &40 Gazetted Rd, Richmond, BC is ideally located for commuters. The property is 2.6 km from Brighouse, with a 59 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Northbound No. 5 Rd @ 7300 Block (0.76 km). Walk Score Transit rating: Some Transit (30/100).

Walkability & Transit Near LOT39 &40 Gazetted Road

Walk Score Badge
Car-Dependent 14

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 30

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
29

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

Mortgage Calculator for LOT39 &40 Gazetted Road

/month
Principal & Interest
Property Taxes $147
Maintenance fee 0
Financing 80% of the $568,000 asking price over 30 years at 4% results in approximately $2,316/month in total estimated carrying costs, $147 property tax.
or Call 778-918-5990
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:

Investment Cashflow Calculator

/month
Mortgage Payment
Monthly Payment
Break Even Down Payment 0%
Cap Rate
Cash on Cash
This listing generates an estimated $2,091/month in rental income, leaving a -$319/month cashflow at current carrying costs. Investors targeting break-even would need roughly 32% down.
All figures are informational estimates by EstateBlock.com; actual mortgage payments and insurance rates vary by many factors.

Estateblock Rent Estimate for LOT39 &40 Gazetted Road, Richmond

Buy Vs Rent Calculator

/ month
Rent
Own
Principal: Interest, tax, insurance, fees:

Rent vs own

Principal paid off by year 5
Principal paid off by year 10

Approximate estimates for informational purposes only, not financial advice. Assumes a new 30-year fixed mortgage at the rate shown; actual rent, payments, and equity will vary by loan terms and market conditions. Consult a licensed professional before deciding.

Price vs Neighbourhood Average — McLennan, Richmond

Beds Home Types Square Feet Lot Size Year Built
This Home $568,000
Richmond Loading...
McLennan Loading...

Comparable data is unavailable at the neighbourhood level. City-wide in Richmond, similar properties average $5,359,667 across 2 active listings — this listing is 89.4% below the Richmond average. This property is flagged as a Hot Deal (89.4% cheaper than comparables) based on its competitive pricing and market demand.

Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Call or Text Now!

Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 13+ Years of Experience Serving Greater Vancouver

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Walkability & Transit Near LOT39 &40 Gazetted Road

Walk Score Badge
Car-Dependent 14

Walk Score - Car-Dependent

Almost all errands require a car
Transit Score Badge
Some Transit 30

Transit Score - Some Transit

A few nearby public transportation options
Bike Score Badge
Somewhat
Bikeable
29

Bike Score - Somewhat Bikeable

Minimal bike infrastructure

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