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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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11820 King Road, Richmond
MLS®: R3000579
2415
Sq.Ft.
3
Baths
5
Beds
7,969
Lot SqFt
1973
Built
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Description
Outstanding Redevelopment Potential - Situated on a level 7,969 Sq. Ft lot with RSM/L zoning, this spacious basement-entry home offers exceptional redevelopment opportunities. Recent changes to density regulations now allow for up to four dwelling units on the property, making it an ideal candidate for multi-family development. The existing home features a functional 3-bedroom layout upstairs and a 1-bedroom suite below, providing immediate rental income potential. While the interior needs TLC, the home is entirely livable, offering a great holding property as you plan your next steps in this high-demand area.
Taxes (2024): $5,085.87
Amenities
Shopping Nearby
Balcony
In Unit
Features
Washer
Dryer
Dishwasher
Refrigerator
Cooktop
Window Coverings
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