About This Property
DEVELOPER ALERT! Prime RA1 Redevelopment Opportunity. 6,100 square ft lot Priced $250K below assessed value. RA1 zoning supports 3-4 storey apartment buildings (FAR 1.5) when assembled with the neighbouring lot. Flat, serviced lot with laneway access in a quiet, established neighbourhood a block from Transit, Shopping and more. Fix up the home and rent it out for immediate cash flow while you plan your project, then redevelop when the time is right. Sold strictly AS-IS, WHERE-IS with vacant possession. Perfect for builders and developers. Estate sale. Call for details! (id:64973)
The property at 1570 Salisbury Avenue in Port Coquitlam is priced at $1,191 per square foot, which is significantly below the current Port Coquitlam market average of $1,350 per square foot for single-family homes. This makes it an attractive redevelopment opportunity for developers or investors seeking a well-located, flat, serviced lot with immediate cash flow potential from the existing rental property.
Property Details
Location
Interested in buying in Port Coquitlam?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
Tri-Cities Realtor · Best Realtor in White Rock · Top South Surrey Agent
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.