Commercial Land for sale

1031 1089 Cecile Drive, College Park PM, Port Moody

$37,000,000 or
$37,000,000 or

Commercial Land for sale

1031 1089 Cecile Drive, College Park PM, Port Moody

Features

Lifestyle
224946915 37000000 /en/commercial-land~for-sale~college-park-pm-port-moody/224946915?view=Summary /en/commercial-land~for-sale~college-park-pm-port-moody/224946915/photos 49.2757000000 -122.8751800000 true
Lot Size
131,191 sqft
Gross Property Tax
$60,478.84 /year
Zoning
RM3
Permitted Land Use
Other
Water Supply
Municipal
Sewer/Septic
Municipal/Community
38

Description

The property is located along Cecile Drive where Clarke turns into St. Johns Street. The property currently includes 30 strata units in a triangular shaped lot with approximately 131,191 sf / 3 acres and is currently zoned RM3 (Ground Oriented Townhouse) with an OCP land use designation of Multi-Family Residential. There is a potential to achieve 2.0 FSR or more. The developer across the street recently achieved the IV reading targeting 2.0+ FSR with buildings up to 17-19 stories. Situated between the neighbourhoods of Burquitlam and Lougheed Town Centre and is in close proximity to downtown Port Moody Centre, the subject property benefits from easy access to nearby amenities and transportation. It's unique location sets the benchmark for future multi family development while offering a quiet and peaceful living environment.
MLS® Number C8041846

Listing REALTOR®

Harpreet Singh, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Harpreet Singh

REALTOR®, Personal Real Estate Corporation

Cushman & Wakefield

Cushman & Wakefield,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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