Industrial for Sale — Richmond, BC
$2,890,000
29-30 11151 HORSESHOE WAY, Richmond, BC V7A4S5
Property details
Structured details
- Zoning
- IB1
- Annual property tax
- $22,114.81 (2025)
- Strata/association fee
- $564.54/monthly
- Utilities
- Sewer, Electricity
- Sewer
- Storm sewer
Listing Information
- MLS®
- C8073391
- Listed
- October 28, 2025
- Time on market
- 321 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Rare opportunity to purchase 2 high-exposure, tenanted industrial strata units totaling approx. 4,500 sq.ft. in South Richmond's Riverside Industrial Park, near No. 5 Rd and Steveston Hwy, behind Ironwood Mall. Currently leased to a dance academy with a $3/sq.ft. annual increase. Monthly net rent: Yr 1 - $7,125; Yr 2 - $8,250; Yr 3 - $9,375; Yr 4 - $10,500; Yr 5 - $11,625. Lease expires Aug 31, 2030. Corner/end units with 14' ceilings, 2 grade loading doors, IB1 zoning, great exposure along Horseshoe Way, and easy access to Hwy 91 & 99. (id:63159)
Financing calculator
Estimate your monthly payment on the $2,890,000 asking price.
Financing details
- Monthly debt service
- $28,051
- Cash required at close
- $603,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Richmond)
- Population
- 209,937(+5.9% since 2016)
- Population density
- 1,629.1/km²
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 36.8%
- Postsecondary below bachelor's
- 22.6%
- High school diploma
- 28.7%
- No certificate/diploma
- 11.9%
Population aged 15 and over.
Commute
- Car, truck or van
- 79.0%
- Public transit
- 13.1%
- Walked
- 5.0%
- Bicycle
- 1.2%
- Other
- 1.7%
Commute duration
- Under 15 min
- 24.5%
- 15–29 min
- 38.1%
- 30–44 min
- 24.1%
- 45–59 min
- 7.5%
- 60+ min
- 5.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Westcoast Poke · 11666 Steveston Highway221m
- café de A · 11666 Steveston Highway225m
- Mama's Dumpling & Coffee246m
- Pho 37 · 11666 Steveston Highway249m
- Cora250m
Cafes (5+)
- Bubble Waffle Cafe296m
- Tim Hortons · Steveston Highway303m
- Starbucks406m
- InBetween/Brunch447m
- The London Cafe · 12251 Horseshoe Way782m
Grocery (4)
- Exotic International Market · 11331 Coppersmith Way199m
- Save-On-Foods · 11666 Steveston Highway214m
- Bulk Barn229m
- Que Pasa Mexican Foods616m
Shopping (1)
- Canadian Tire196m
Parks (2)
- Lee Slough572m
- Kidd Neighbourhood School Park · 10851 Shell Road758m
Gyms (4)
- Axé Capoeira Richmond · 150-11780 Hammersmith Way204m
- Club Pilates301m
- Anytime Fitness · 10880 Number 5 Road543m
- Wayland Sports Centre - Swimming & Gymnastics Club565m
Pharmacies (2)
- London Drugs · 11666 Steveston Highway298m
- Crescent Pharmacy Integrative Health Centre · 10880 Number 5 Road577m
Banks & ATMs (5+)
- Scotiabank · 11666 Steveston Highway217m
- Coast Capital Savings · 11660 Steveston Highway300m
- Scotiabank ATM314m
- TD · 11300 Steveston Highway347m
- CIBC · 11200 Number 5 Road404m
Healthcare (1)
- SnoreMD Sleep Apnea Clinic · 11720 Steveston Highway380m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Eastbound Coppersmith Way @ Coppersmith Place | 43m | |
| Westbound Horseshoe Way @ No. 5 Rd | 247m | |
| Eastbound Horseshoe Way @ No. 5 Rd | 248m | |
| Northbound Hammersmith Way @ Silversmith Place | 260m | |
| Southbound Horseshoe Way @ Blacksmith Place | 277m | |
| Eastbound Steveston Hwy @ Coppersmith Place | 328m |
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All in Richmond →Frequently asked questions
What is the asking price for this business?
The asking price is $2,890,000.
Where is this business located?
This listing is located in Richmond, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.