For Sale · Coquitlam · Single Family

$2,090,000

704 SMITH AVENUE, Coquitlam

Beds

Baths

1,924

Sq Ft

1952

Built

About This Home

The details.

Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly for TH and redevelopment momentum, inc Townhouse-designated sites and approved/proposed six-storey rental and condo projects next door - along the Smith corridor. Strong potential for holding income, future assembly, and long-term upside in a neighbourhood transitioning toward higher density. LEGISLATIVE BILL-47 puts this property within the transit-oriented area that allows up to 8 storey mid-rise development at 3.0 FAR. The recent SHAPE PROPERTIES proposal to redevelop Burquitlam Plaza is a game changer for the neighbourhood. This is Mainly land value but bonus, the Current house has proven Rental income and lovingly cared for by the current owners. (id:66635)

Summarizing the highlights...

MLS® R3118140Listing courtesy of Oakwyn Realty EncoreView on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1952
Size: 1,924 sqft
Lot size: 7,560 square feet
Storeys: 1
Parking: 3 spaces
MLS number: R3118140
Data source: Greater Vancouver REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$9,774

$1,672,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$9,774

Cash flow

-$9,774

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Coquitlam right now

422

Active listings

443

New this week

$969,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Coquitlam.

Household and demographic stats for Coquitlam, from the Statistics Canada 2021 Census.

148,625
Population (2021): 41.6
Median age: 55,950
Households: 2.6
Avg household size: 69.3%
Home ownership: $92,000
Median household income

Coquitlam neighbourhood guide Full census profile Coquitlam market trends

Source: Statistics Canada 2021 Census, Coquitlam, City (CY).

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.