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704 Smith Avenue, Coquitlam
MLS®: R3118140
$2,090,000
This listing does not have any photos or virtual tours.
4
Beds 2
Baths 1952
Built 1924
Living Area SqFt 7,560
Lot SqFt 5,247.59
Taxes
Beds 2
Baths 1952
Built 1924
Living Area SqFt 7,560
Lot SqFt 5,247.59
Taxes
Description
Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly 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.
Mnt. fees: $0.00
Amenities
Shopping Nearby
Private Yard
In Unit
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
Window Coverings
