580 Whiting Way, Coquitlam, BC
Coquitlam, BC
FOR SALE
Property Details
- Lot Size 28,975
- Site Dimensions 165 ft x 175 ft
- Number of Existing Units 44
- Current Zoning RM-2 - Three Storey Medium Density Apartment Residential
- Burquitlam Lougheed Neighbourhood Plan High Density Apartment Residential
- Maximum Density 5.0 - 6.0 FSR (Base density 2.50 FSR)
- Assed Value (2025) $12,172,000
- Financing Treat as clear title
- Sale Structure Asset Sale
- Pricing guidance Contact Listing Agents
Overview
Avison Young is pleased to present 580 Whiting Way, Coquitlam, a well-maintained multi-family asset with future development potential. The property offers a superb location with a tremendous value-add location to increase the net operating income. Located conveniently close to schools, parks, and public transportation, including the nearby SkyTrain stations, the Property provides excellent connectivity across Metro Vancouver. The Property provides strong upside on rental growth potential for the existing asset coupled with prescribed future development potential under the Burquitlam Neighborhood Plan.
Property Highlights
Brand new roof replaced in 2024
Lobby and common area upgrades including all new flooring
New boiler system and hot water tanks installed in 2020
Electrical upgrades completed to panels, wiring and lighting components
New membranes installed in select balconies
New fence system replaced and completed in 2024
Suites upgrades as required and one fully renovated suite completed in 2024
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