704 SMITH Avenue, Coquitlam, British Columbia V3J2W7
Listing courtesy of Oakwyn Realty Encore.
- $2,090,000
- 4
- BD
- 2
- BA
- 1,924
- SqFt
- List Price
- $2,090,000
- MLS®
- R3118140
- Days on Market
- 96
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,924
- Lot Size Dimensions
- 7560
- Lot Size
- 7,560
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:5764)
Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Parking Spaces
- 3
- Fireplaces
- 1
- Country
- Canada
- Heating
- Forced air, Natural gas
- Lot Features
- Central location, Treed
- Architectural Style
- Bungalow
- Lot Size
- 7,560
