529 APPIAN WAY

Coquitlam, British Columbia V3J2A6

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$2,699,888

2,742 sqft

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INVESTOR & DEVELOPER ALERT. Corner-lot development land in Burquitlam's most active rezoning corridor. 10,067 square 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+ square 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. (id:41617)

General Info

Fireplace Present: Yes

Appliances: All, Dishwasher, Oven - Built-In, Refrigerator

Building Type: House

Total Stories: 1

Amenities Nearby: Golf Course, Recreation, Shopping

Parking: Carport

Pool Details

Pool Type: Outdoor pool

Other Details INVESTOR & DEVELOPER ALERT. Corner-lot development land in Burquitlam's most active rezoning corridor. 10,067 square 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+ square 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. (id:41617)