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Additional details

Nader Bakhoum, PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 2,090,000

Est. payment | -/mo

4 Beds

2 Baths

1,924 SqFt

Save

$ 2,090,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,924 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1924

Square Footage 1,924 sqft

Price per Sqft $1,086

MLS® Listing ID R3118140

Style Bungalow

Bedrooms 4

Year Built 1952

Lot Size 7,560 Sqft

Acres 7560.0

Property Sub-Type Freehold

Property Description

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:24570)

Location

Province BC

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Fireplaces Number 1

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage Yes

Private Pool No

Building

Story 1

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Oakwyn Realty Encore

704 SMITH AVENUE Coquitlam, BC V3J2W7