25,944 ft²LandContactSale
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.
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.