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Investment signal

$1,550,000

10971 MADDOCKS ROAD

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Beds

Baths

Sqft

—

Year

1966

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Richmond. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 10971 Maddocks Road - An exceptional opportunity to secure a 7,385 SF rectangular lot with desirable north-south exposure in sought-after McNair. Lovingly held by a long-time owner, this residence offers 5 bedrooms + 2 bathrooms & remains largely in original condition, ideal for renovation, investment, or redevelopment. The property includes an option of a 1 or 2 bed suite with separate entry. Build your dream home of up to 3,500 SF or explore multi-family with zoning that allows up to four separate units. There is also the possibility of assembling with the neighbouring property for future row-townhouse development. Conveniently located just minutes from Ironwood Plaza, SilverCity Entertainment Boulevard, & quick access to Highway 99. A stone throws away from Kidd Elementary. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 2,398 square feet
Lot size: 7,385 square feet
Lot dimensions: 7385
Parking: 7 total
Fireplace: 2
On market: Apr 20, 2026
Status changed: Apr 21, 2026
Annual tax: $5,403.15 (2025)
Photos: 40
MLS#: R3113515
Area: RICHMOND

Features and systems

Appliances

All

Heating

Forced airNatural gas

Lot

Central location

Negative cash flow ~$1,648/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.38%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,485

Financing

Down payment$310,000

Loan amount$1,240,000

Mortgage$6,283/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$710

Insurance$80

Maintenance$1,292

CapEx reserve$646

Vacancy loss$388

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,283/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.