Shovel-ready six-storey development site

Overview

Goodman Commercial is pleased to present the opportunity to acquire a prime 14,322 SF shovel-ready, wood-frame residential development site at the northeast corner of Shaughnessy Street and Kelly Avenue in the heart of Downtown Port Coquitlam.

Development and building permits have been approved and are ready for issuance. The project comprises a highly efficient six-storey residential building with 36,622 SF of gross buildable area and a balanced mix of studio, one-, two-, and three-bedroom units, totaling 40 units and 30,902 SF of net floor area (84.4% efficiency).

An innovative mechanical parking system delivers 55 secured stalls on one level of underground parking. Residents will have access to 865 SF of indoor amenity space on the mezzanine level, along with an expansive rooftop common area.

Prospective purchasers can proceed immediately with reduced holding costs—all significant fees have been paid, including Building Permit (BP) fees and Development Cost Charges (DCCs). There are no below-market rental or inclusionary housing requirements, and both purpose-built rental and strata condominium tenures are fully permitted under the current RA2 zoning. This represents a compelling near-term development opportunity with advanced municipal approvals already secured in one of the Tri-Cities’ most walkable and revitalizing downtown cores.

Location

Strategically positioned at the northeast corner of Shaughnessy Street and Kelly Avenue, the site enjoys prominent corner exposure and excellent visibility along Shaughnessy Street—an important arterial providing strong north-south connectivity—while Kelly Avenue functions as a convenient local collector for east-west access.

The property sits in the vibrant and rapidly revitalizing Downtown neighbourhood of Port Coquitlam, just steps to City Hall and ongoing public realm improvements including new entry plazas, enhanced pedestrian pathways, and upgraded streetscapes. Gates Park is nearby, offering green space and recreational amenities, while the broader downtown core provides walkable access to shopping, dining, services, and community facilities.

Transit connectivity is excellent, with convenient links to West Coast Express, local bus routes, and quick access to Coquitlam Centre, SkyTrain stations, and downtown Vancouver. The surrounding context features a well-established mix of multi-family residential buildings and select single-family homes, creating a stable, family-oriented neighbourhood with strong long-term demand drivers in the growing Tri-Cities region.