829 Richmond Road
Inspired by the outstanding market response to our adjacent Greenway project, Legacy Property acquired a large parcel of rural and residential land at 829 Richmond Road, Marsden Park in 2014 with the view of expanding the Greenway neighbourhood.
Legacy Property formed a land owner group with neighbours in 2014 to rezone a large area of rural land, encompassing 829 Richmond Road, for residential development. We were successful in gaining support or the rezoning and it was gazetted in 2016.
Legacy Property took the opportunity to capitalise on strong market conditions and divested the property in 2016, realising a significant value uplift above our initial acquisition price.