Single-story residence featuring a brick facade and light-colored siding

$2,699,888

529 Appian Way, Coquitlam, BC V3J 2A6

MLS® C8079655

Description

INVESTOR & DEVELOPER ALERT. Corner-lot development land in Burquitlam's most active rezoning corridor. 10,067 sq ft lot designated Medium Density Apartment Residential under Coquitlam's OCP and Burquitlam Lougheed Neighbourhood Plan - steps from two Millennium Line SkyTrain stations. Potential FSR of up to 2.5, translating to approx. 25,000 buildable sq ft. Hold & rent the existing 2,600+ sq ft rancher at approx. $6,000/month, assemble with neighbouring lots for an 8-12% land premium, or rezone and develop your own RM-3 project with projected 35-45% ROI over 5 years. Land up 100% + since 2015. Walk Score 89 | Transit Score 85.

Property

Property type

Land

Year built

1,963

Ownership

Freehold

Lot and parking

Lot size

10,018.8 sq ft

Costs

Annual property tax

$10,418

Tax year

2,025

Location

Area

Coquitlam

Neighbourhood

Coquitlam West

Waterfront

No