The Opportunity
With one of the most affordable communities on the SkyTrain route with a pro development council, take advantage of the most ideal community to build and deliver a highly demanded townhome development site. With a rapidly expanding population from the grand opening of the Evergreen line there will be increasing need for housing for new families and downsizers. Situated in a urban area while still maintaining the suburban quietness and feel, any potential purchaser looking to start a family or find something more maintainable will want to be here.
The Development Potential
The city has designated the area for townhome development under its newly established Neighbourhood Plan. This allows for row housing to replace the existing detached homes. Exact zoning bylaws need to be confirmed with the city.
The Key Details
| Sold Date | March 2, 2021 |
| Sold Price | $6,200,000 |
| Civic Address | 574 & 582 Foster Ave, Coquitlam, BC V3J 2L7 |
| Total Site Area | 27,192 SF |
| Current Zoning | RS-1 One-Family Residential |
| Potential Zoning | RT-2 |
| Floor-Area Ratio (FAR) | 1.1 |
| Buildable Square Footage | 29,911 BSF |
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
