The Opportunity
This 58,306 SF development site is a short 8-minute walk to the Evergreen line at Burquitlam SkyTrain Station, while still maintaining a suburban feel in a quiet neighbourhood. The site benefits from a lifetime of unobstructed views because of the lower density land use designations to the north. There is a direct bus route to Simon Fraser University situated just steps away from the site providing access by public transit within 15 minutes or 5 minutes by car.
New amenities are being implemented throughout the area. Nearby parks include the expanding Oakdale and Cottonwood Parks, Burquitlam Park, Miller Park and Stoney Creek Trail System. Miller Park Elementary and École Banting Middle School are within walking distance. The Vancouver Golf Club, Cameron Recreation Complex and future Coquitlam YMCA provide access to entertainment and sports for all ages.
The City of Lougheed development is revitalizing the mall with many new high-end stores, cafés, restaurants, lounges, fitness and entertainment amenities. Burquitlam is soon to become the ultimate place to live and relax that is driving strong demand for finished units because of the still affordable price point for both end users and investors.
The Bid Process
We are offering this exclusive assembly through a bid process. Please refer to the document “Bid Instructions” in the data room for details. All bids must be submitted by October 12th, 2020.
The Potential Panoramic View
The Key Details
| Sold Date | October 11, 2022 |
| Sold Price | $24,515,511 |
| Civic Address | 584, 588, 592, 596 Kemsley Ave, 589, 593 Westley Ave, 648, 650 Gardena Dr, Coquitlam, BC |
| Total Site Area | 58,306 SF |
| OCP Designation | RM-6 High Density Apartment Residential |
| Maximum FAR | 5.5 |
| Potential Buildable Square Footage | 320,683 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.
