OPPORTUNITY:
Iconic Properties Group is pleased to present the opportunity to acquire a 25,944 sqft three-lot development site within the townhouse designation of Burquitlam in the up-and-coming neighbourhood of Coquitlam West. This property has the potential to be assembled with an additional 5 lots, creating a total 8-lot assembly!
Its ideal location in proximity to Lougheed Town Centre makes it very convenient to access an abundance of restaurants, shops, and services, with the nearest Skytrain station only a five-minute drive from the property site.
With careful planning and the right strategies, acquiring the remaining lots can lead to a substantial and cohesive land assembly project, unlocking various development options and the potential for substantial returns on investment.
LOCATION:
This exceptional property is located in the quiet residential neighbourhood of Coquitlam West.
Its unique location makes accessing a wide variety of schools, parks, shops, services, and entertainment very easy and is perfect for families looking to settle down. In less than a ten-minute drive east, you’ll find big box retailers such as IKEA, T&T Supermarket, and Real Canadian Superstore, to name a few. Additionally, a short drive west towards Burnaby will lead you to the second-largest shopping centre in the city, with Skytrains and buses conveniently located nearby, and Vancouver, only a 30-minute commute from the closest station. This property is also within the Transit Oriented Development Plan and has the potential for a 3.0 FSR and to build up to 8 storeys.
This investment opportunity is a rare find, offering a prime location for potential high-density development. Located in a townhouse-designated zone, it presents an exceptional chance to secure substantial holding income.
