Coquitlam, British Columbia V3J2W7
$2,090,000
MLS® R3118140
4
Bedrooms
2
Bathrooms
1,924 square feet
Living Area
1952
Year Built
Single Family
Type
7,560 square feet
Lot Size
3
Parking
Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly for TH and redevelopment momentum, inc Townhouse-designated sites and approved/proposed six-storey rental and condo projects next door - along the Smith corridor. Strong potential for holding income, future assembly, and long-term upside in a neighbourhood transitioning toward higher density. LEGISLATIVE BILL-47 puts this property within the transit-oriented area that allows up to 8 storey mid-rise development at 3.0 FAR. The recent SHAPE PROPERTIES proposal to redevelop Burquitlam Plaza is a game changer for the neighbourhood. This is Mainly land value but bonus, the Current house has proven Rental income and lovingly cared for by the current owners. (id:65701)
Listed by
Oakwyn Realty Encore
Greater Vancouver
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