Burquitlam high-rise development site

Overview

Exclusive opportunity to acquire a centrally located Burquitlam high-rise development site at the intersections of Gardena Drive, Westley Avenue and Elmwood Street in the heart of Coquitlam’s Oakdale neighbourhood. The 1.6-acre parcel (287’ x 273’) High Density Apartment Residential designated site is currently improved with 9 single family homes and includes density rights for up to 5.5 FSR (4.0 FSR Condo + 1.5 FSR Rental) with a potential total buildable area over 383,000 SF and no height limit to take advantage of spectacular views of the surrounding region.

Location

The site is located near the Burnaby-Coquitlam border, in the rapidly growing Oakdale neighbourhood of Burquitlam. Perched at the top of the hill and next to Burnaby Mountain, Oakdale offers a fantastic array of amenities, natural and otherwise. The location provides true “north shore” living with immediate access to the trails and scenic views on Burnaby Mountain while still only being minutes from the ocean at Rocky Point and Burrard Inlet.

There are several retail nodes within immediate walking distance of the site, while Lougheed Mall, Coquitlam Centre and The Amazing Brentwood can be reached in minutes by SkyTrain. The property also offers immediate access to the main throughfares of Como Lake Avenue and Clarke Road, allowing drivers to reach the Lougheed, Barnet and Trans Canada highways within minutes.