629 SMITH AVENUE, Coquitlam | $3,598,000

Attention Developers! Great investment and development opportunity in a highly sought-after Burquitlam! This is a land assembly. Centrally located in a unique and established neighborhood, within a walking distance of Burquitlam Station, YMCA, shopping and all levels of schools. The land is designated RM-3 in Coquitlam City's Official Community Plan, up to 8 storey with max density 2.4 FAR, but it's in the Tier 3 (within 800m radius of Skytrain), so soon will change to 3.0 FAR to comply with new land use re-designations. Combined with 627 Smith Ave can be up to 12 storey 4.0 FAR. The City of Coquitlam Burquitlam-Lougheed Neighborhood Plan expects "significant new growth along the SkyTrain corridor". Don??t miss this opportunity!

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Description

Attention Developers! Great investment and development opportunity in a highly sought-after Burquitlam! This is a land assembly. Centrally located in a unique and established neighborhood, within a walking distance of Burquitlam Station, YMCA, shopping and all levels of schools. The land is designated RM-3 in Coquitlam City's Official Community Plan, up to 8 storey with max density 2.4 FAR, but it's in the Tier 3 (within 800m radius of Skytrain), so soon will change to 3.0 FAR to comply with new land use re-designations. Combined with 627 Smith Ave can be up to 12 storey 4.0 FAR. The City of Coquitlam Burquitlam-Lougheed Neighborhood Plan expects "significant new growth along the SkyTrain corridor". Don??t miss this opportunity!

General Info

MLS Listing ID: R2767698 Bedrooms: 5 Bathrooms: 3 Year Built: 1955
Parking: N/A Heating: Baseboard heaters, Forced air Lotsize: 7688 sqft Air Conditioning : N/A
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Unknown (Finished)

Amenities/Features

  • Central location

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .