Sold $6,950,000.00 - Development Site
The subject development opportunity is approximately 550 meters away from the new Evergreen line. Take advantage of the quickly evolving Burquitlam neighbourhood with new amenities being implemented throughout the area. There is a direct bus route to Simon Fraser University situated across the street of the site. The nearby Burquitlam Park will be redeveloped by Concert who has partnered up with the YMCA to deliver new housing opportunities with world class amenities servicing the surrounding region.
Potential development opportunity
The City of Coquitlam has designated this area for a potential medium density development site within the modernized version of the Official Community Plan. This allows for up to eight storeys of condominium buildings at a 2.4 floor area ratio (FAR) and six storeys at 2.3 FAR. All zoning details need to be confirmed with the city.
|Lot size||27,324 square feet|
|Potential zoning||Medium density|
|Potential buildable sf for 6 storeys||62,845|
|Price per buildable sf for 6 storeys||$110|