148 & 154 James Road, Port Moody

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Current Zoning
RS1
Proposed OCP Designation
3-storey Townhouse
Density
1.22 FSR
Gross Site Area
± 17,968 SQFT
Units
25 Units

LAND ASSEMBLY | 1-2 BED TOWNHOUSE DEVELOPMENT WITH PRE-APPLICATION

 

Development Opportunity

The opportunity to purchase consists of two single family lots consolidated by the vendor with drawings for a 25-unit stacked townhouse site over parking. It’s our observation that projects with large units priced above $900K experience lower absorption rates in this market. With units ranging from 460 SQFT to 1,200 SQFT, an astute purchaser has an opportunity to supply affordable units with price points under $900K to a market where this type of product is not available.

The purchaser will have a competitive advantage over other projects in Port Moody by providing affordable housing options with separate entrances to each unit.

Pre-application submitted and City of Port Moody’s response letter available upon request.

 

Prime Location | Moody Centre

Situated in the heart of Port Moody, this site is within a 15-minute walk to both Moody Centre station and Inlet Centre station along the Evergreen Line, as well as connection to West Coast Express train. It also offers an early opportunity to be a part of a rapidly developing community. The property is right adjacent to École Moody Middle School and with forest behind.

The Port Moody Centre neighbourhood includes numerous recreation and living conveniences offering a vibrant and energetic lifestyle. Rocky Point Park, Port Moody Brewers Row, Port Moody recreation center and Newport Village are all within a 5-minute driving distance.

Grant L. Gardener
grantgardner@londonpacific.ca
604-420-2600 ext 205

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