About This Property
Exceptional development opportunity in prime Port Moody! This ~11,800 sq.ft. lot includes a development proposal for a 2-unit (duplex-style) dwelling while retaining the existing residence, creating a rare multi-dwelling configuration. Plans allow for approx. 4,227 sq.ft. of new construction with two side-by-side units, each offering 3 levels, private garages, and well-designed layouts with multiple bedrooms and living areas. The existing home, approx. 3,000 sq.ft., is well-positioned on the lot and provides immediate rental income, holding value, or integration into the final development. Efficient site planning with strong frontage, favorable setbacks, and attractive density (FSR ~0.61) maximizes buildable potential. A unique opportunity to develop, hold, or create multiple income-producing residences on one property. (id:64973)
At $1,336 per square foot, this Port Moody property is priced competitively compared to the city's average single-family home price of $1,442 per square foot. The development potential with the existing residence and plans for a two-unit dwelling make this an attractive opportunity for builders or developers looking to maximize the use of this sizable lot.
Property Details
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