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. (id:65546)
| Address | 704 SMITH AVENUE, Coquitlam, British Columbia |
| MLS® Number | R3118140 |
| Type of Dwelling | House |
| Style of Home | Bungalow |
| Price | $2,090,000 |
| Area | Coquitlam |
| Sub Area | Coquitlam West |
| Listing Brokerage | Oakwyn Realty Encore |
| Sqft. | 1,924 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Year Built | 1952 |
| Lot Size | 7,560 |
| Lot Dimensions | 7560 |
| Postal Code | V3J2W7 |
| Tax Amount | $5,248 |
| Tax Year | 2025 |
| Parking | Garage, Other |
| Basement | Finished, Full, Unknown |
| Fireplaces | 1 |
| Heating | Forced air, Natural gas |
