655 Lougheed Highway Burnaby

655 Lougheed Highway Burnaby

    January 15, 2019

    City of Coquitlam is currently revising the Burquitlam/Lougheed Neighborhood Plan. Based on discussions with City, the proposed land use is a mixed-use development up to 6-8 storeys with a recommended base density of 2.0-2.5 FSR. Final draft plan to be presented in Fall 2016 with final adoption expected in early 2017.

    The Property is located in the Lower Lougheed neighbourhood of Burquitlam Centre, just east of Burnaby and north of Highway #1. With close proximity to rapid transit and an abundance of shopping and restaurant options, this location offers both convenience and a sense of community. The immediate area is changing rapidly and fast becoming one of the most up and coming neighbourhoods in the Lower Mainland.

    Located along Lougheed Highway, a major east-west connection from Vancouver to outlying regions, the area is centrally located and accessible to all municipalities in Greater Vancouver. Simon Fraser University is also located a 10-minute drive away.

    With an abundance of public amenities such as parks, community centres, child care facilities, shopping, and recreational pursuits, the location offers the opportunity to buy a strategic holding property for future assembly and redevelopment.

    • Within a 15-minute walk of the Lougheed Town Centre SkyTrain station
    • Potential to assemble the neighbouring property in the future for a large mixed-use development
    • Centrally located within close proximity to the Lougheed Town Centre
    • Potential to develop up to 6-8 storeys with a recommended base density of 2.0-2.5 FSR, subject to the adoption of the revised Burquitlam-Lougheed neighbourhood plan

     

    Ashley Osborn
    Personal Real Estate Corporation
    Ashley@claridgeadvisors.com

    Patricia Wong Chong
    Personal Real Estate Corporation
    patricia@claridgeadvisors.com

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