For Sale
$6,000,000

Burquitlam Townhouse Development Site

724 - 728 Lea Avenue
Burquitlam, COQUITLAM

0.52 ACRE | Residential Development Land

The Opportunity

Burquitlam Townhouse Development Site

This exclusive offering presents the opportunity to acquire a future townhouse site located in Coquitlam’s transit-oriented Burquitlam neighbourhood. The 22,866 square foot site has potential for up to 32,012 buildable square feet and provides excellent access to numerous commercial amenities, parks, schools and the Burquitlam Skytrain Station, all within a 10 minute walk.

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Summary

Property
Attributes

Land Size

0.52 acre

Land Size:

22,866 sf

Land Use Designation:

Townhousing (0.9 - 1.4 FAR)

Price

Sale Price

$6,000,000

Location

724 - 728 Lea Avenue
Burquitlam, COQUITLAM

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Property
Features

The site is designated for “Townhousing” in the Burquitlam-Lougheed Neighbourhood Plan. This designation allows for densities ranging from 0.9-1.4 floor area ratio (FAR) in either slab on grade or stacked townhouse forms with a maximum height of three stories. Its location at the top of the hill will provide views of Burnaby Mountain and Mount Seymour. The site occupies a strategic corner location at Robinson Street and Lea Avenue and is serviced by a lane that could allow for convenient access to a future parkade.

The neighbouring site has received third reading from the City of Coquitlam for a stacked townhouse development with 60 units over a concrete parkade and a 1.4 FAR. The subject site presents the opportunity to develop a project in a similar form, offering more selection for consumers looking for options in the “missing middle” between a single family home and a condo.

About The
Location

The subject site provides a quiet suburban setting, close to schools and parks, while still being walking distance to numerous commercial amenities and transit options on Clarke Road. The Burquitlam Skytrain Station is only a 10 minute walk away and provides convenient transit across Metro Vancouver via the Evergreen Line/Millennium Line.

This node is one of the most desirable areas of Burquitlam due to its proximity to SkyTrain and Lougheed Town Centre, as well as its easy access to Simon Fraser University (SFU). The area has enjoyed considerable developer interest and thus, this site is one of the last remaining large-scale sites with townhouse development potential within 700 metres of the Burquitlam Skytrain Station.