Description
Transit Oriented, Medium Density Apartment Development Opportunity | Whiting + Appian Neighbourhood Pocket
This exemplary AAA multifamily development opportunity representing 103,499 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 was approved and adopted by Council on May 30th, 2022 and is now incorporated into the Burquitlam Lougheed Neighbourhood Plan
The subject site has been designated RM-3 Medium Density Apartment Residential. RM-3 zoning allows for 55% site coverage of buildings that are a minimum of six (6) storeys and to a maximum of 2.3 FSR. An additional 10% increase to the allowable FSR may be applied for all strategic housing options if all dwelling units provided within the development are exclusive market rental units for a total 2.53 FSR.
*Prospective Purchasers are invited to submit offers through London Pacific on the Vendor’s preferred form of offer.
Salient Facts
- Address 548, 556, 560, 564, 574 Cochrane Ave, 550 Denton St & 549, 553, 559, 563, 565, 571 Brookmere Ave, Coquitlam
- Neighbourhood Whiting & Appian Pocket, Burquitlam
- Gross Site Area ±103,499 SQFT
- Current Zoning RS-1 Single Family
- OCP Designation Medium Density Apartment Residential (RM-3)
- FSR 2.3 (6-Storey frame)
- Max Gross Buildable ±238,048 BSQFT (2.3 FSR)
- Improvement 13 Single Family Homes
- Combined Gross Tax (2021) $80,175.63
Key Features
- Feature 1: Premier RM3 residential development location SW Coquitlam
- Feature 2: 10-minute walk to rapid transit stations & major retail centers
- 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.
