The Opportunity
With one of the most affordable communities on the SkyTrain route and a pro development council, take advantage of the most ideal community to build and deliver highly demanded townhomes. 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 an 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 live here.
The Development Potential
The city has designated the area for townhome development under its newly established Neighbourhood Plan. This allows up to a stacked townhouse build form to replace the existing detached homes. Exact zoning bylaws need to be confirmed with the city. The site includes a pathway that connects Harrison to Thompson providing more layout options.
The Key Details
| Sold Date | February 15, 2022 |
| Sold Price | $12,325,120 |
| Civic Address | 591, 595, 599, 605 & 611 Harrison Ave, Coquitlam, BC V3J 3Z6 |
| Total Site Area | 53,068 SF |
| Current Zoning | RS-1 |
| Potential Zoning | RM-2 |
| Potential Floor-Area Ratio (FAR) | 0.9 – 1.4 |
| Potential Buildable Square Footage | 47,761 – 74,295 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.
