3370 VIEWMOUNT DRIVE, Port Moody
$1,599,900
This 8,634 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 investment & development opportunity! Buy, hold, rent, or live in and benefit from exceptional future development potential. Over 2,700 sq ft family home extensively updated in 2010 on a 8,634 sf corner lot within a designated TOD area, 600 meters to SkyTrain & Bus Station. Generates $5,550/month in rental income from upper & lower suites. Part of a 3-property land assembly with active development application for a 12-storey condo building with townhomes at the base & over 200 proposed units. Significant capital, time and planning in the application have already been completed. Close to recreation, shopping, restaurants & fantastic schools. Home requires repairs and updating. Tremendous opportunity for the right buyer. Contact us for the property information package.
How this price compares
This lot asks $185 per square foot of lot. That is 9% below the median of $203 across the 43 active lots VanPlex is showing in Port Moody, and puts it 12 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
- $1,599,900
- Lot size
- 8,634 sqft
- Lot dimensions
- 110 x 78
- Frontage
- 110 ft
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- 1979
- MLS® area
- Port Moody Centre
- MLS® number
- R3136063
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Listing data via MLS®. Displayed for information only.