704 SMITH AVENUE, Coquitlam
$2,090,000
This 7,560 sqft property in Coquitlam is a detached single-family home on a lot the new rules make suitable for a multiplex. Coquitlam applies 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 has widened the number of lots that qualify for the higher counts.
Prime investor/developer opportunity on rapidly evolving Smith Ave in Burquitlam. Nearby properties already show clear land assembly for TH and redevelopment momentum, inc Townhouse-designated sites and approved/proposed six-storey rental and condo projects next door - along the Smith corridor. Strong potential for holding income, future assembly, and long-term upside in a neighbourhood transitioning toward higher density. LEGISLATIVE BILL-47 puts this property within the transit-oriented area that allows up to 8 storey mid-rise development at 3.0 FAR. The recent SHAPE PROPERTIES proposal to redevelop Burquitlam Plaza is a game changer for the neighbourhood. This is Mainly land value but bonus, the Current house has proven Rental income and lovingly cared for by the current owners.
How this price compares
This lot asks $276 per square foot of lot. That is 39% above the median of $198 across the 178 active lots VanPlex is showing in Coquitlam, and puts it 147 of 178 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
- $2,090,000
- Lot size
- 7,560 sqft
- Lot dimensions
- 63 x 120
- Frontage
- 63 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1952
- Zoning
- RT-1
- MLS® area
- Coquitlam West
- MLS® number
- R3118140
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Listing data via MLS®. Displayed for information only. Zoning RT-1 stamped from the city record on 2026-07-25.