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2816 25 Street SW

50 Foot R-C2 Lot in Richmond with Illegal Basement Suite
280 Westwood Drive SW

50 Foot R-C2 Lot in Richmond with Illegal Basement Suite

2816 25 Street SW

 

 

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Located at 2816 25 Street SW

50 Foot R-C2 Lot in Richmond with Illegal Basement Suite

 ** Attention Builders and Investors ** Nestled in the heart of the charming Richmond community, this 50″ x 124.8′ R-C2 lot represents an incredible opportunity for redevelopment. Perfect for a savvy builder or investor, this property boasts numerous features that set it apart. Notably, it’s been designed with a genuine separate entrance into the lower level, initially designed for a basement living area. suite, showcasing thoughtful planning for potential income generation. Inside, you’ll find a home Was originally built with not one but two separate furnaces and Two electrical panels, which all have been updated to ensure modern functionality and efficiency. Both kitchens in the home have also been tastefully updated, providing a contemporary touch while increasing the property’s rentability. While this property undoubtedly holds value for developers and investors, it’s also a comfortable and inviting space for its current occupants. The presence of two bedrooms on the main level and an additional bedroom in the basement, along with two 4-piece bathrooms, makes this a flexible living space for those who appreciate the convenience of a bi-level layout. Ample natural light streams into the basement through generous windows, ensuring a warm and inviting atmosphere throughout the home. Additionally, a large double garage in the backyard provides secure parking and extra storage space, adding to the practicality of this property. Currently tenanted, this property will be vacant possession and seller prefer 2023 Possession date. Whether you’re considering this property for its land value or its potential income generation, it presents a unique and promising opportunity in a sought-after neighborhood. Don’t miss your chance to explore the potential of this Richmond gem! It appears that this home was built with lower living area. There is no current secondary Suite sticker so the seller discloses that the basement suite is Ilegal.

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