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In-PersonVirtual Tour
$ 2,699,888
Est. payment | /mo
10,018 Sqft Lot
$ 2,699,888
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8079655
Year Built 1963
Lot Size 10,018 Sqft
Property Description
INVESTOR & DEVELOPER ALERT. Corner-lot development land in Burquitlam's most active rezoning corridor. 10,067 sq ft lot designated Medium Density Apartment Residential under Coquitlam's OCP and Burquitlam Lougheed Neighbourhood Plan - steps from two Millennium Line SkyTrain stations. Potential FSR of up to 2.5, translating to approx. 25,000 buildable sq ft. Hold & rent the existing 2,600+ sq ft rancher at approx. $6,000/month, assemble with neighbouring lots for an 8-12% land premium, or rezone and develop your own RM-3 project with projected 35-45% ROI over 5 years. Land up 100% + since 2015. Walk Score 89 | Transit Score 85.
Location
Province BC
Community Coquitlam West
Area Coquitlam
Zoning RES
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, City Water at Lot Line
Roof Type Torch On
Building
Sewer Public Sewer, Sanitary Sewer
Water Public, City Water at Lot Line
Others
Restrictions None Known
Ownership Freehold
Virtual Tour https://www.cotala.com/83151
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