About This Property
DEVELOPER ALERT! Prime RAl Redevelopment Opportunity. 6,100 square ft lot Priced $250K below assessed value. RAl 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 $899,000 asking price for this 6,100 sq. ft. lot in Port Coquitlam represents a 27% discount to the assessed value, making it an attractive investment opportunity. This property is well-suited for developers looking to capitalize on the area's RAl zoning, which supports 3-4 storey apartment buildings, allowing for significant redevelopment potential.
Property Details
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