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1227 IOCO ROAD, Port Moody | $2,850,000

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 well-designed layouts with multiple bedrooms and living areas. The existing home, approx. 3,000 sq.ft., is well-positioned on the lot and provides immediate rental income, holding value, or integration into the final development. Efficient site planning with strong frontage, favorable setbacks, and attractive density (FSR ~0.61) maximizes buildable potential. A unique opportunity to develop, hold, or create multiple income-producing residences on one property.

Description

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 well-designed layouts with multiple bedrooms and living areas. The existing home, approx. 3,000 sq.ft., is well-positioned on the lot and provides immediate rental income, holding value, or integration into the final development. Efficient site planning with strong frontage, favorable setbacks, and attractive density (FSR ~0.61) maximizes buildable potential. A unique opportunity to develop, hold, or create multiple income-producing residences on one property.

General Info


MLS Listing ID: R3153055 Bedrooms: 4 Bathrooms: 4 Year Built: 1940
Parking: N/A Heating: Forced air Lotsize: 11894.12 sqft Air Conditioning : Air Conditioned
Home Style: Storage Shed Finished Floor Area: N/A Fireplaces: N/A Basement: Unknown (Finished)

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .