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Development Site with Holding Income

210A Evergreen Drive, Port Moody, BC
Improved with 64 rental townhouses

$32,500,000


Summary

Year Built
Approx 1970
Units
64
Lot Size
7.17 Acres (312,325 sq. ft.)
Zoning
RM3 (Multi-Family Residential)
Property taxes
$792,132
Legal Description
Lot 235 District Lots 202, 268 and 377 Group 1 New Westminster District Plan 33247
PID
002-483-092

A well located potential redevelopment site covering 7.17 acres, designated as multifamily within the current Port Moody Official Community Plan (OCP). This site presents a developer the opportunity to work closely with the City Planners to create a boutique development incorporating a mixture of market and rental housing.

All 64 rental townhouses offer 1,800 square feet of living space, comfortably spread over three storeys. These three bedroom, three bathroom homes offer in-suite laundry, and each unit has its own balcony and designated yard space, with fenced backyards providing added security.

Nestled in the quiet and scenic Glenayre/College Park neighbourhood of Port Moody, the property is surrounded by a tranquil forest, and is steps away from Seaview Community Elementary School. The property offers convenient access to SkyTrain, the West Coast Express, Highway 7, and Trans Canada Highway 1, facilitating commutes throughout the Lower Mainland.

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