Gilmore Estates on the Block for $55 Million
Richmond Review – Gilmore Estates on the block for $55 million.
One per cent of Richmond is now for sale.
The Gilmore Estates, a massive rectangular chunk of Richmond farmland, south of Steveston Highway running all the way to the waterfront, and between No. 4 Road and Shell, comprises 10 legal titles, encompasses 324.5 acres, and boasts 800 feet of waterfront. The asking price for this assembly? Well, as the saying goes, if you have to ask, you can’t afford it.
According to realtor Cecilia Tse of Colliers International, the asking price of $55 million is spot on, considering the recent sales of farmland in the area. At least two other farmable properties are also for sale in the area south of Steveston Highway, each consisting of multi-acre parcels.
“The Gilmore Estates represent 1% of the entire land area of the City of Richmond,” a four-page colour Colliers brochure states.
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