704 Smith Avenue
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.
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.
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The estimates above are provided as guidance only and do not constitute financial advice. Actual costs may vary based on your financial situation, lender terms, and current rates. Consult a mortgage professional for accurate calculations.
