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Reduced $15,000 (2%) from $964,900
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2828 25A Street SW
Beds
2
Baths
2 full + 1 half
Sqft
884
Year
1950
Type
Single Family
On market
70d
PRIME RICHMOND REDEVELOPMENT OPPORTUNITY on a 50’ x 125’ Lot.Exceptional opportunity for builders, investors, or those looking to create a dream home. This large 50’ x 125’ lot offers outstanding redevelopment potential, suitable for one or two large single-family homes, in an area already SURROUNDED BY HIGH-END, MILLION-DOLLAR PROPERTIES.Ideally located close to shopping, amenities, and schools, this property combines convenience with strong future upside. The rear alley access and no homes directly behind provide added flexibility for design, garages, and privacy.The existing home is well maintained and currently rented to an AMAZING TENANT, offering immediate holding income. The seller is flexible on possession date and is willing to allow buyers to apply for permitting prior to possession. The property is under a fixed-term lease until July 31, 2026, making it a solid interim investment while you plan your project.There could be a possibility for a forced WALK OUT on this lot.Additional features include a single detached garage and a layout that supports future redevelopment options.DRIVE BY and explore the potential. This is an excellent opportunity to secure a PREMIUM LOT lot for your next build or long-term investment. No sign on the property. Do not disturb the current tenant. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| 2pc Bathroom | — | |
| Recreational, Games room | 10.00 Ft x 20.00 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Eat in kitchen | 12.83 Ft x 12.50 Ft | |
| Primary Bedroom | 10.50 Ft x 11.17 Ft | |
| Living room | 12.50 Ft x 18.08 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Bedroom | 10.50 Ft x 11.17 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.57%
Cap rate
3.55%
GRM
16.7
Break-even rent
$5,845
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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