1227 IOCO ROAD, Port Moody
$2,850,000
This 11,894.12 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.
Exceptional development opportunity in prime Port Moody! This ~11,800 sq.ft. lot includes a development proposal for a 2-unit (duplex-style) dwelling while retaining the existing residence, creating a rare multi-dwelling configuration. Plans allow for approx. 4,227 sq.ft. of new construction with two side-by-side units, each offering 3 levels, private garages, and functional layouts. The existing ~3,000 sq.ft. home is well positioned and provides immediate rental income or holding value. Efficient site planning with favorable setbacks and approx. 0.61 FSR maximizes density and future potential. Open House By Appointment
How this price compares
This lot asks $240 per square foot of lot. That is 18% above the median of $203 across the 43 active lots VanPlex is showing in Port Moody, and puts it 30 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
- $2,850,000
- Lot size
- 11,894.12 sqft
- Lot dimensions
- 70 x 165
- Frontage
- 70 ft
- Bedrooms
- 4
- Bathrooms
- 4
- Year built
- 1940
- MLS® area
- Barber Street
- MLS® number
- R3153055
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Listing data via MLS®. Displayed for information only.