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…
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.
Features
Private Yard
Additional Parking
Garage Single
Other
Lane Access
Side Access
Shopping Nearby
Room measurements9 rooms▸
Living RoomMain · 14'6 × 14'6
Dining RoomMain · 7' × 8'
KitchenMain · 20' × 11'6
BedroomMain · 11'6 × 15'
BedroomMain · 9'4 × 13'6
BedroomBsmt · 9'6 × 13'
Recreation RoomBsmt · 17'5 × 17'5
LaundryBsmt · 6'8 × 16'
BedroomBsmt · 10' × 12'6
Floor plan
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Property Details
MLS NumberR3118140
Property TypeSingle Family Residence
Bedrooms4
Bathrooms2
Square Feet1,924
Lot Size7,560 sqft
Year Built1952
Parking Spaces1
HeatingForced Air, Natural Gas
Days on Market164
StatusActive
Listed ByOakwyn Realty Encore
School Catchment
ElementaryRoy Stibbs Elementary
MiddleÉcole Banting Middle
SecondaryPort Moody Secondary
Neighbourhood
Highlighted area = this home's census tract (StatCan), the boundary the neighbourhood stats describe.
$730,000Median home value
$76,000Median household income
54.1%Owner-occupied
15.7%Single-detached homes
2.2Avg household size
35.6Median age
46.8%Bachelor's degree or higher (25-64)
51.2%Commute under 30 min
74.2%Drive to work
48.6%Foreign-born residents
8,835Neighbourhood population
Age
Under 1511.5%
15 to 6474.8%
65 and over13.7%
Household size
1 person32%
236.7%
315.9%
49.7%
5 or more5.6%
Language spoken at home
38.5% English mother tongue
Korean13.4%
Mandarin10.5%
Cantonese5.9%
English + other5.1%
Farsi3.4%
Spanish2.2%
All others21%
Mother tongue, share of 8,820 residents.
How this pocket differs
Median dwelling value is lower than Metro Vancouver $730,000 vs $1,050,000
Source: Statistics Canada, Census of Population, 2021. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada.
Ped NaimiPersonal Real Estate Corp
Vinod BashirPersonal Real Estate Corp
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