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2340-50 St. Johns Street

2340-50 ST. JOHNS STREET, PORT MOODY
Mixed-use townhouse complex
7 residential / 3 commercial

$5,350,000


Summary

Units
7 residential / 3 commercial
Stories
2
Net Rentable Area
13,831 SF ($387/SF)
Cap Rate
3.1%
Year Built
1995
Lot Size
66' x 132' (8,712 SF)
Zoning
C-3
PID
011-454-024

Legal Description

The subject property is a mixed-use two-storey commercial/residential building located in the heart of Port Moody on a prime high-exposure corner lot at St. Johns Street and Queens Street. The building has a total of 10 units—7 residential townhouse rental suites and 3 commercial units anchored by Starbucks. 3 of the townhomes are 2-level and front Queens Street. This is truly a turnkey property with a genuine pride of ownership. OCP designated Mixed-Use — Moody Centre (residential/commercial up to 6 storeys).

For a current rent roll and expense statement, please click here or contact Sam Emam at (604) 420-4205 or sam@hqcommercial.ca 

Co-listing agent:
Tad Lukasik
Sutton Group – 1st West Realty
604.644.1323
tadeklu@gmail.com

  • Well maintained complex in central Port Moody location
  • Prime high-exposure corner lot at St. Johns Street and Queens Street
  • OCP designated Mixed-Use — Moody Centre (residential/commercial up to 6 storeys)
  • Attractive enclosed courtyard with rhododendrons and cherry trees
  • Vinyl exterior; shingle roof replaced (2013)
  • Appliance package for residential suites include fridge, stove, dishwasher and washer/dryer
  • Each unit features its own electric hot water tank (individually metred), and smoke detectors
  • All 3 townhomes have large patios and individually metered gas fireplaces
  • Each unit has at least one parking stall (secured underground) and one storage locker
  • Commercial tenants on triple net lease
  • Property held in a bare trustee — can purchase the shares of the company and save PTT

The complex is nestled in a desirable family-oriented neighborhood and is within walking distance to the West Coast Express, Port Moody Centre Skytrain Evergreen Line Station, and schools: Moody Elementary, Moody Middle and Port Moody Secondary.

The City of Port Moody is currently looking into a development of the Sawmill site named Flavelle Ocean Front, which will dramatically change Port Moody into a modern style city. The nearest Rocky Point Park brings spectacular outdoor setting with Burrard Inlet and mountains panorama views to encourage year round recreational opportunities including biking, hiking and kayaking.

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