About This Property
THIS PROPERTY HAS A BACKLANE ACCESS, PERFECT FOR YOUR NEXT MULTI-FAMILY BUILD. This Almost 2,700 Sq Ft 5 Bedroom 3 FULL Bathroom Home is the BEST BUY IN COQUITLAM. 2 Bedroom Rental Suite Below. Currently tenanted for $4,550/Month + 100% Utilities. $2,800/Month Upstairs + 70% Utilities & $1,750 Monthly Downstairs + 30% Utilities. Size the opportunity to expand your real estate portfolio, allowing for potential multipleplex. Prime location near all school levels. Starting June 30, 2024, Provincial legislation permits more 3-4 units. Buyers must confirm details with the city. BC's SSMUH regulations may also enable further development, given proximity to transit. Super convenient location. Lots of schools, parks & amenities. This house has amazing potential & killer views overlooking the River (id:64973)
The property's price of $565 per square foot is slightly below the Coquitlam average, making it a decent value proposition. This property is well-suited for investors seeking a strong rental yield, with the existing basement suite generating over $4,500 in monthly income, providing a compelling return on investment.
Property Details
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