704 SMITH AVENUE
Coquitlam, British Columbia
MLS® R3118140
$2,090,000
- Status
- Active
- Property type
- House
- MLS® number
- R3118140
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1952
1 / 9Listing description
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.
Property summary
- MLS® number
- R3118140
- Property type
- Single Family
- Building type
- House
- Square footage
- 1,924 sq ft
- Title
- Freehold
- Land size
- 7560 square feet
- Built in
- 1952
- Annual property taxes
- $5,247.59
- Parking
- 3 spaces · Garage, Other
- Days on market
- 138 days
Features & details
- Heating
- Forced air, Natural gas
- Basement
- Finished, Full, Unknown
- Appliances
- All
- Lot features
- Central location, Treed
- Architectural style
- Bungalow
What would this home cost you?
Based on the $2,090,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Oakwyn Realty Encore, Coquitlam.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.