5 bed
3 bath
2,528 sqft
Single Family Residence
Built in 1955
7,840 sqft lot
6 parking
3 fireplaces
Freehold NonStrata
RT-1 zone
Public remarks
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!
Private remarks
Land Assembly, RM-3, 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. Meas. are approximate, from BC Assessment, verify if important. House is livable, unauthorized suite in the basement is tenanted. Any Development potential is to be confirmed by the Buyer and their agent with the City of Coquitlam.
Cooperating commission
3.22% on the 1st $100k and 1.16% on the balance
$3,598,000 ($1,423/sqft)
Active
Expiry date
Original price
Gross taxes (2022)
$4,386.08
Property transfer tax
$97,900.00
Last Updated: 11/15/2024 06:18 PM
Courtesy of RE/MAX City Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 629 Smith Avenue | R2767698 | 11/15/2024 06:18 PM | 04/12/2023 | Active | $3,598,000 | Login to view | Natalia Morin PREC* | RE/MAX City Realty |