This exclusive offering presents an opportunity to acquire a 29,440 square foot development site in Maillardville within close proximity to the rapidly developing Lougheed Town Centre area. The assembled properties are designated for development of a wood frame apartment building with view potential at the site’s top of the hill location. The current lack of standing inventory of wood frame condos in the adjacent Burquitlam-Lougheed neighbourhood has put upward pressure on resale condo values in Maillardville.
Land Use Designation
Medium Density Apartment
Property Taxes (2019)
Edgar Avenue Assembly
The site possesses a “Medium Density Apartment Residential” land use designation, under which the properties may be rezoned to RM-3. This zoning will allow for the construction of a wood frame apartment building to a maximum 1.85 FAR.
The subject site is located at the western extent of Coquitlam’s Maillardville neighbourhood, directly adjacent to the rapidly developing Burquitlam-Lougheed neighbourhood. The site is serviced by both the Lougheed Town Centre and Braid SkyTrain stations offering convenient transit to Vancouver’s downtown core in under an hour. Lougheed Highway and Highway 1 are within a five minute drive, providing access to communities across the Lower Mainland.
Located in a quiet residential neighbourhood, the site is only minutes from Lougheed Town Centre where Shape Properties’ City of Lougheed master planned community will soon consist of over 20 residential towers and 1.5 million square feet of new retail space. The subject site is also well serviced by a number of local schools, parks, and the Vancouver Golf Club.