May 6, 2016
View my new listing for sale at 2028 Columbia Street, Port Moody
and currently listed at $1,250,000.Investors Alert! RARE, Large duplex zoned RT-1. Corner lot located in the Westport neighbourhood of Port Moody. Currently, there is a side by side legal duplex on the 8,722 sq ft lot. Value is mostly in the land. Currently zoning allows for a 2 storey side by side duplex to be built, with each side approximately 2,200 sq ft (0.50 FAR). The neighbourhood is now designated low rise multi-family (max 3 storey) in the OCP. Possibility of rezoning to RM-4 & building 4 townhouses. With land assembly of adjoining lots, a large scale multi-family development is possible. This corner lot is crucial to all developers. Buyers to verify all information of this property with the city.