House in Port Moody Centre, Port Moody

Large family home on a private corner lot with an assembled Development Application for a 12 storey condo building with townhomes at the base for over 200 units. Strategically located within a Transit-Oriented Development (TOD) area, this property offers an opportunity to acquire a 3-lot land assembly with hundreds of thousands of dollars spent towards the project. The home was extensively updated in 2010. Currently tenant-occupied, providing attractive rental income with a full 3 bedroom rental up, and a full 3 bedroom rental down. Conveniently situated with easy access to transit and (400m) SkyTrain stations, nearby shops, recreational facilities, and restaurants. Once approved, this development land would potentially be worth more than double the asking price!

Listed by RE/MAX Select Properties.