629 Vanessa Court Burquitlam Land Assembly

Multi-Family for Sale
Also listed as Vacant Land
Catylist Listing ID: 30630410
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 2 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 4,000 - 4,070 SF
Sale Price: See Agent
Property Use Type: Investment, Business
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2020

Overview / Comments

Burquitlam land assembly, great opportunity for developers!

This is a great location in Burquitlam which according to The City of Coquitlam Official Community Plan designates the General Land use for the property as Medium Density Apartment Residential within the Burquitlam-Lougheed Neighbourhood Plan. The intent of this designation is to accommodate townhouse and apartment developments at medium densities. 629 Vanessa is a half duplex interest, with neighbouring properties to be added soon.

Density: 1.85 to 2.4 FAR

Height: From 3 Up to 8 Storeys

The Zoning for the property is RT-1, a Two-Family Residential classification which permits a maximum density of ten units per acre.

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Taxing Authority: Coquitlam
Parcel ID: 001-550-845
Zoning: RT-1
Percent Occupied: 100%
Property Located Between: Fairview Street
Site Description: 1/2 duplex in Coquitlam West, lots of land acquired in the past 2 years in the neighbourhood.
Area Description: Burquitlam, BC Close to Burquitlam Park, Burquitlam Plaza, Shoppers Drug Mart, Panago, Dollarama, CIBC nearby, Burquitlam Skytrain Station mere blocks away.
Property Condition: Good
Year Built: 1979
Zoning Description: The Zoning for the property is RT-1, a Two-Family Residential classification which permits a maximum density of ten units per acre.
Land Ownership: Freehold
Legal Description: SHORT LEGAL DESCRIPTION:S/NWS900/////2 MARG:* TAXATION AUTHORITY: 1 Coquitlam, City of FULL LEGAL DESCRIPTION: CURRENT STRATA LOT 2 DISTRICT LOT 7 GROUP 1 NEW WESTMINSTER DISTRICT STRATA PLAN NW900 TOGETHER WITH AN INTEREST IN THE COMMON PROPERTY IN PROPORTION TO THE UNIT ENTITLEMENT OF THE STRATA LOT AS SHOWN ON FORM 1 MISCELLANEOUS NOTES: SRW PLAN 51571 S ASSOCIATED PLAN NUMBERS: STATUTORY RIGHT OF WAY PLAN NWP51571 STRATA PLAN NWS900

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Contact

Photograph of Listing Agent

Geraldine M Santiago

Personal Real Estate Corporation
RE/MAX Crest Realty (Macdonald) Commercial First Member
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