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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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7480 Schaefer Avenue, Richmond
MLS®: R3167449
1904
Sq.Ft.
2
Baths
4
Beds
7,195
Lot SqFt
1975
Built
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Description
Incredibly priced at $1,668,000 for this 1,904 sq.ft., 4-bedroom, 2-bath, 1975-built rancher on a 7,195 sq.ft. (61. 5’ x 117’) lot with sunny, south-facing backyard. Located north of Francis Rd, neighbouring prestigious Sunnymede in central Richmond. Ferris Elementary & Richmond High catchment. First time on market since 1996. With some basic upgrades, home will be perfect for starting, retiring or investment. Better yet, under Small-Scale Multi-Unit Housing (SSMHU) zoning, redevelop (without rezoning) into 3–4 units, up to a total of 4,519.5 sq.ft.. Preferred completion November 16, 2026.
Taxes (2026): $6,889.57
Amenities
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Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
Window Coverings
