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8011 Lucas Road

Garden City Richmond V6Y 1G2

$8,900,000

Land Commercial, Multi-Family Commercial

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Status:

Active

Prop. Type:

Land Commercial, Multi-Family Commercial

MLS® Num:

C8075146

Build. Type:

Mul Tenant/MultiPlex (5+)

• Photos (6)

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Prime Investment Opportunity in Broadmoor. A rare chance to acquire 52,444 sq. ft. of holding property in one of Richmond’s most sought-after locations. This asset includes five well-maintained duplexes with 10 suites. Strategically positioned just east of No. 3 Road, Laddy Court offers convenient access to Richmond Centre, the Canada Line, schools, and key amenities. This property presents strong potential for future redevelopment or long-term capital appreciation. Listed below assessed value and sold as-is, where-is, this is an outstanding opportunity for investors seeking high-growth potential in a central, high-demand area. Can be purchased with adjoining 8340 No. 3 Road if desired (listing number R3079664).

General Info:

Sale Type:

Asset

Ownership:

Freehold

Property Type:

Land Commercial, Multi-Family Commercial

Commercial Type:

Multi Family

Construction:

Frame Wood

Name of Complex/Subdivision:

Laddy Court

Num Storeys:

2

Building Type:

Mul Tenant/MultiPlex (5+), See Remarks

# Bldgs:

5

# Units Total:

10

# Other Units:

0

# of Apartments:

10

# of Studio Apartments:

0

# of Penthouse Apartments:

0

# of Bachelor Apartments:

0

# of 4+ Bedroom Apartments:

0

# of 1 Bedroom Apartments:

0

# of 2 Bedroom Apartments:

0

# of 3 Bedroom Apartments:

10

Year built:

1957 (Age: 69)

Living Area:

1,357 sq. ft.126 m2

Subject Property Depth:

305'6⅛"93.1 m

Subject Property Width:

197'11"60.3 m

Lot Area:

1.2 acre(s)0.49 hectare(s)

Zoning:

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Potential to Redevelop:

Must check with city of Richmond, No

Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Electricity:

No

Services Connected:

Cable at Lot Line, Electricity at Lot Line, Fully Serviced, Natural Gas at Lot Line, High Speed Internet at Lot Line, Sanitary sewer at LotLine, Storm Sewer at Lot Line, Phone Service at Lot Line, City Water at Lot Line

Sewer:

Public Sewer

Parcel Number:

006031587

Taxes:

$38,554.7 / 2026

Waterfront (Y/N):

No

Restrictions:

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Other Details:

Water Supply:

Public, City Water at Lot Line

Water Rights:

No

Roof:

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Potential to Redevelop:

Must check with city of Richmond, No

Env Assmt Phase:

No

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Other Income:

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Effective Gross Income:

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Net Operating Income:

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Listing Info:

Previous Price:

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Original Price:

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Listed by Macdonald Realty Westmar and RE/MAX Westcoast

Data was last updated March 4, 2026 at 06:40 PM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Multi-family buildings for sale across Vancouver and British Columbia offer investors stable income, long-term appreciation, and diversification within the commercial real estate market. These properties typically include apartment buildings, purpose-built rentals, and multi-unit residential assets designed to generate consistent cash flow.

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Professional representation helps investors identify risks and assess long-term performance.

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Selling multi-family real estate requires proper pricing, market exposure, and access to qualified buyers. Investor demand, income stability, and asset condition all influence value.

Working with experienced commercial brokers helps sellers:

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Multi-Family Markets Across British Columbia

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What qualifies as a multi-family building?

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