704 Smith Ave, Coquitlam, BC V3J 2W7
- $2,090,000
- 4
- BD
- 2
- BA
- 1,924
- SqFt
- List Price
- $2,090,000
- Status
- ACTIVE
- MLS® #
- R3118140
- Year Built
- 1952
- Subtype
- Single Family Residence
- Style
- Bungalow
- Stories
- 2
- Bedrooms
- 4
- Total baths
- 2
- Living Area
- 1,924
- Area
- Coquitlam
- Community
- Coquitlam West
Property Description
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.
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Additional Information
- Lot Size
- 7,560
- Amenities
- Near Shopping
- Site Influences
- Central Location, Lane Access, Recreation Nearby, Wooded
- Acres
- 0.17
- Fireplaces
- 1
- Region
- Coquitlam
- Title To Land
- Freehold NonStrata
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.