Description
CD (RM-5) High Density Development Opportunity | Coquitlam West
This HIGH DENSITY multifamily development opportunity represents approximately 66,665 SQFT of assembled land situated in the heart of West Coquitlam’s Whiting + Appian Neighbourhood. The City of Coquitlam approved the “Southwest Housing Review” in June 2020 to address the neighbourhood pockets where additional density was warranted. The Whiting & Appian Neighbourhood Pocket land use designations were approved and adopted unanimously by Council on May 30th, 2022.
The subject site has been designated as CD (RM-5) High Density Apartment Residential providing a base density of 2.5 FSR, up to a max 5.0 FSR through a bonus density schedule as follows: 2.5 FSR (BASE DENSITY) + 1.0 FSR (BONUS DENSITY) + 1.5 FSR (RENTAL DENSITY).
*Prospective Purchasers are invited to submit offers through London Pacific on the Vendor’s preferred form of offer.
Salient Facts
- Address 514, 516, 518, 522 Ebert Ave & 514, 516, 520, 524 Webster Ave, Coquitlam
- Neighbourhood Whiting & Appian Pocket Burquitlam
- Gross Site Area ± 66,665 SQFT (±12,400 SQFT Road Closure)
- Current Zoning RS-1 Single Family
- OCP Designation CD (RM-5)
- FSR 3.5 + 1.5 Rental
- Max Gross Buildable ± 233,327.50 BSQFT (Strata) + 99,997.50 BSQFT (Rental)
- Improvement 8 Single Family Homes
- Combined Gross Tax (2021) $48,468.50
Key Features
- Feature 1: Premier RM-5 transit oriented residential development site in SW Coquitlam
- Feature 2: Gross site area ± 66,665 SQFT (±12,400 SQFT Road Closure)
- Feature 3: Close proximity to elementary, secondary and post-secondary schools
Location
- Description: The Whiting & Appian Neighbourhood Pocket provides a rare opportunity for a premium development in a vibrant and growing community. Whiting & Appian is well positioned by new and existing park greenspace, in close proximity to both Lougheed & Burquitlam SkyTrain stations, well established commercial retail services, and rich community amenities. Lougheed & Burquitlam SkyTrain stations are a central focus of Coquitlam’s vision of a transit-oriented community. Burquitlam continues to experience rapid growth through development and investment by a local and well established development community.
