Property Overview

  • Status
    Sold - Pending Completion
  • Address
    3891 Chatham Street
    Richmond, BC
  • Type
  • Neighbourhood
    Steveston Village
  • # of Units
  • PID
  • Lot Size
    23,740 SQFT
  • Zoning
  • Price
    Please Contact Listing Agents
  • Building Style
  • Confidentiality Agreement
  • The Offering

    Cushman & Wakefield ULC  presents developers and investors the opportunity to acquire 3891 Chatham Street, Richmond, BC , a mixed-use building on a large corner lot, with prominent street front exposure, providing an excellent value-add opportunity with redevelopment potential. Zoned CS3, the Property falls under the Core Area of the Steveston Village, allowing for a mixed-use development with a maximum FSR of 1.6 and a maximum of 3 storeys.

    Steveston Village is a vibrant, charming, seaside community that offers residents an exceptional array of amenities including the famous Steveston Fisherman’s Wharf, making it a highly sought-after location for home buyers and renters.

    The Property is leased with a mix of residential and retail tenants at below market rents providing initial holding income.


    Investment Highlights

    • Large, rectangular corner lot, along one of the main arterials in Steveston Village, with prominent street front exposure
    • Tenanted, mixed-use building at below market rents, allowing investors optionality to either bring rents up to market and hold long term, or provide holding income while going through a rezoning process
    • Located in the highly sought-after Core Area of Steveston Villlage, and classified as a non-heritage building, allowing an easier path to redevelopment
    • A niche market, coupled with limited availability and strong demand
    • Immediate path to market cap rate through rental growth and repositioning





    Ely Golvin
    Associate Vice President

    Ely Golvin

    Chris Harper
    Senior Associate

    Chris Harper

    David Venance
    Executive Vice President

    David Venance

    Patrick Hannah
    Senior Associate

    Patrick Hannah

    Property Location