1184 GLENAYRE DRIVE, Port Moody
$1,594,800
This 8,287 sqft property in Port Moody is a detached single-family home on a lot the new rules make suitable for a multiplex. Port Moody follows the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The Evergreen Line stations widen where the higher counts apply.
RARE OPPORTUNITY in the highly sought-after Glenayre neighbourhood of Port Moody! Whether you're looking to live in, rent out, invest, or build, this 8,287 sq ft corner lot offers exceptional potential. Under the new SSMUH zoning, the property is eligible for up to four units with no rezoning required—proceed directly to Development and Building Permit stages (buyer to verify with the City of Port Moody). The well-maintained home features three bedrooms upstairs, a one-bedroom legal basement suite providing excellent mortgage-helper potential, plus a bachelor-style in-law suite.Major updates include a newer garage, furnace, hot water tank, roof, and windows (approx. 6–8 years old). Ideally located near Burquitlam SkyTrain, parks, shopping, and top-rated schools.
How this price compares
This lot asks $192 per square foot of lot. That is 5% below the median of $203 across the 43 active lots VanPlex is showing in Port Moody, and puts it 18 of 43 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,594,800
- Lot size
- 8,287 sqft
- Lot dimensions
- 66 x 125
- Frontage
- 66 ft
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- 1961
- MLS® area
- College Park PM
- MLS® number
- R3137533
Want the PlexScore and return on equity for this lot? Get PlexPro.
Listing data via MLS®. Displayed for information only.