934-938 CLARKE ROAD, Port Moody
$1,289,000
This 8,364 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.
Great investment, revenue, holding property with long term tenants and future development. Three self contained legal non conforming suites for rental. Separate electric/gas meters for all units. Total rental income $4,000 approx./month. Electric upgraded to 200 amp. Lots of open parkings in front of house, backing onto ravine. Close to highway, shopping and schools. No open house. Feel free to drive-by and walk around the house prior to showing request.
How this price compares
This lot asks $154 per square foot of lot. That is 24% below the median of $203 across the 43 active lots VanPlex is showing in Port Moody, and puts it 7 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
- $1,289,000
- Lot size
- 8,364 sqft
- Lot dimensions
- 70 x 126
- Frontage
- 70 ft
- Bedrooms
- 4
- Bathrooms
- 3
- Year built
- 1956
- MLS® area
- College Park PM
- MLS® number
- R2991373
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Listing data via MLS®. Displayed for information only.