House in Port Moody Centre, Port Moody

Rare investment & development opportunity! Buy, hold, rent, or live in and benefit from exceptional future development potential. Over 2,700 sq ft family home extensively updated in 2010 on a 8,634 sf corner lot within a designated TOD area, 600 meters to SkyTrain & Bus Station. Generates $5,550/month in rental income from upper & lower suites. Part of a 3-property land assembly with active development application for a 12-storey condo building with townhomes at the base & over 200 proposed units. Significant capital, time and planning in the application have already been completed. Close to recreation, shopping, restaurants & fantastic schools. Home requires repairs and updating. Tremendous opportunity for the right buyer. Contact us for the property information package.

Listed by RE/MAX 2000 Realty/RE/MAX Select Properties.