Foreclosure signalInvestment signal

$2,680,000

6651 COONEY ROAD

Beds

Baths

Sqft

—

Year

1962

Location

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About this home

Great central location for investors or builders! Excellent investment property with 7986sqft (66' x 121') land size in the Centre of Richmond with TRL1 zoning for townhouse development. Lots of potential future development located in the City Centre of Richmond. The City of Richmond already designated this area as Urban Centre T5 (25 meters height) land use which permitted uses for Mixed Multiple Family Residential (e.g. High Rise building or Residential/Commercial use, Institutional, Recreation, Hotel, Office, Community use up to 2.0 FAR in density. Currently with an excellent tenant. Please do not disturb the tenant. Property sold As-Is, Where-Is. (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Common interest: Freehold
Living area: 1,719 square feet
Lot size: 7,986 square feet
Lot dimensions: 7986
Parking: 2 total
Fireplace: 1
On market: Apr 14, 2026
Status changed: Apr 17, 2026
Annual tax: $6,780.28 (2025)
Photos: 1
MLS#: R3110875
Area: RICHMOND

Features and systems

Appliances

All

Heating

Electric

Lot

Central location

Negative cash flow ~$5,082/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.38%

Cap rate

3.61%

GRM

16.7

Break-even rent

$18,749

Financing

Down payment$536,000

Loan amount$2,144,000

Mortgage$13,153/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,228

Insurance$80

Maintenance$2,233

CapEx reserve$1,117

Vacancy loss$670

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $13,153/mo at 5.49% with 20% down, 25-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 17, 2026.