Rocky Point Centre, Port Moody | Commercial Investment Property This 40,500 square foot income property has strong holding income. It has two-storeys, with the lower level facing Spring Street and the upper level facing St Johns. Many tenants have occupied spaces for 10+ years. The purchaser has an opportunity to re-engineer current lease rates for an increased overall return on investment. Furthermore, the City of Port Moody is currently re-drafting the Official Community Plan (OCP) which will include an overhaul to the current land use designations. The objective of the OCP is to facilitate growth and increase the density for areas close in proximity to the two future Evergreen Line stations within Port Moody City limits. Rocky Point Centre is in a logical location for redevelopment to medium or high density mixed use built form.
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2 Lot Assembly in Hamilton Area Plan Richmond’s Official Community Plan (OCP), more specifically the Hamilton Area Plan, designates the site as Neighbourhood Residential Townhouse. Through a subdivision and rezoning of the site, the buyer will be able to achieve a maximum density of 0.75 FSR for the site. The Hamilton Area Plan promotes a traditional townhouse form with 3 storeys above grade. The Community Amenity Contribution (CAC) is a total of $11.36 per square foot on the approved density achieved through a rezoning. The Hamilton Area Plan was adopted on February 25, 2014.
5 Lot Assembly in Seymour Neighourhood This offering totals 36,681 square feet of gross developable land within the Seymour area of North Vancouver. The opportunity consists of a 5 lot assembly currently zoned RS1 single family along with the potential to acquire two neighbouring DNV owned lots to the west. The successful applicant can apply to re-zone this site for multifamily use in accordance with The District of North Vancouver’s Official Community Plan.
6 Lot Assembly in Lynn Creek Town Centre This offering totals 32,925 square feet of gross developable land within the Lynn Creek Community Plan. The land assembly includes six lots currently zoned RS4 single family. The successful applicant can apply to re-zone this site for multifamily use in accordance with The District of North Vancouver’s Official Community Plan.
2 Lot Assembly in Cambie Corridor Phase 2 Located on the east side of Cambie street this exceptionally located site is within proximity to shopping, restaurants, banks, Queen Elizabeth Park, Hillcrest Centre and Nat Bailey Stadium. The site is a short walk to King Edward Station providing quick access to YVR, Richmond and downtown Vancouver.
Transit Oriented 7 Lot Assembly Redevelopment Opportunity This 7 lot assembly is located right where Coquitlam meets Port Moody. End users can enjoy all the conveniences of downtown Port Moody such as direct access to shopping centers, coffee shops, banks, and the 10 acre Rocky Point Park. As well, this assembly is a 5 minute walk to Inlet Centre Skytrain station and a short drive to the Westcoast Express Line.