- What A land assembly in Port Moody is on the market
- Why The property has the potential to add another 8,500 sq ft of space
- What next Zoning could allow for a 31-storey tower on the parcel
A land assembly in the Vancouver suburb of Port Moody is on the block for $16.9m.
The roughly 30,000 sq ft site has the potential to be expanded to include another 8,500 sq ft, allowing it to host a 31-storey residential tower with a six-storey podium.
Currently, it’s occupied by three one- and two-storey buildings with addresses from 3066 to 3082 on St. Johns Street. The property is fully leased with demolition clauses in place.
Currently, two owners hold the properties. Macdonald Commercial has the marketing assignment.
The parcel offers up to 235 ft of frontage along St. Johns and Spring streets and 130 feet of frontage on Electronic Avenue.
About 250 m from the Moody Centre Skytrain station, the land is also close to Rocky Point Park and École Moody Middle School of the Arts. It’s across the road from the Port Moody Police Department headquarters.
Numerous residential developments are underway in the vicinity.
(8/30/2024): Article revised to reflect that the property has three buildings on it.
