704 SMITH Avenue, Coquitlam, British Columbia V3J 2W7
$2,090,000
- 4 bedrooms
- 2 bathrooms
- 1,924 Square Feet
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 ... read more
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:39198)
- Listing ID: R3118140
- Property Type: Single Family
- Year Built: 1952
| Property | |
|---|---|
| Style: | Bungalow |
| Ownership: | Freehold |
| Lot Size: | 7560 Sqft |
| Parking: | Garage 3 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | All |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Basement: | Full (Finished) |
| Location | |
|---|---|
| Town: | Coquitlam |
| Province: | British Columbia |
| Nearby Amenities: | Recreation and Shopping |
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