Colliers is pleased to present this rare opportunity to purchase a large scale redevelopment site just blocks from the Burquitlam SkyTrain Station. The property sits on 39,097 square feet and is currently improved with a 36-unit strata condo building.
Under the recently approved Burquitlam-Lougheed Neighbourhood Plan, 520 Cottonwood Avenue is designated as High Density Apartment Residential with an FAR of 4.0. The City has further indicated that a bonus density of 1.0 FAR may be achieved if dedicated to market rental units. Coquitlam Council formally adopted the new Burquitlam-Lougheed Neighbourhood Plan on June 26th, 2017.
Please note that offers will be reviewed on or after 4 PM (PDT), Tuesday, October 10, 2017.