1031 1089 Cecile Drive, College Park PM, Port Moody

$37,000,000 |   MLS® Number  C8041846

Commercial Land for sale in College Park PM, Port Moody, Port Moody, 1031 1089 Cecile Drive, 224946915 | Realtylink.org

Commercial Land for sale

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

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.