View of the flat 7500 sqft plus lot with side land access ready for multiplex or assemble with neighbour for townhouse or low rise condo. 1 block from Burquitlam Plaza (proposed New Shape Centre), New Community centre with Indoor pool & Skytrain station.
$2,090,000
MLS® R3118140
4
Bedrooms
2
Bathrooms
1,924
Sq Ft
Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly for TH and redevelopment momentum, inc Townhouse-designated sites and approved/proposed six-storey rental and condo projects next door - along the Smith corridor. Strong potential for holding income, future assembly, and long-term upside in a neighbourhood transitioning toward higher density. LEGISLATIVE BILL-47 puts this property within the transit-oriented area that allows up to 8 storey mid-rise development at 3.0 FAR. The recent SHAPE PROPERTIES proposal to redevelop Burquitlam Plaza is a game changer for the neighbourhood. This is Mainly land value but bonus, the Current house has proven Rental income and lovingly cared for by the current owners.
Listed by Jason Yoo, Oakwyn Realty Encore
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