1031-1089 Cecile Dr - Apartments FOR SALE


Port Moody, BC V3H 1M6
$30,000,000 CAD
604-640-5870
1031-1089 Cecile Dr, Port Moody, BC for Sale
$30,000,000 CAD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1031-1089 Cecile Dr
Port Moody, BC V3H 1M6


HIGHLIGHTS

  • Prime 3-acre redevelopment site with 30 strata units.
  • RM-3 zoning with OCP designation for 6-storey multifamily.
  • Located near Evergreen Line transit hubs and major arterials.
  • Strong demographics and projected population growth.
  • Potential for increased density under Port Moody 2050.
  • Minutes from SFU, Lougheed Town Centre, and Rocky Point Park.

OVERVIEW

Positioned at the transition between Clarke Road and St. Johns Street, 1031–1089 Cecile Drive presents a rare opportunity to acquire a 3-acre multifamily redevelopment site in the heart of Port Moody. Comprising 30 strata units, this strata wind-up offering is ideally suited for developers seeking to capitalize on the city’s evolving land use policies and growing demand for sustainable, transit-oriented housing. The site is currently zoned RM-3 and designated for Multi-Family Residential use under the Official Community Plan (OCP), with potential for a six-storey wood-frame development. With Port Moody’s OCP update (Port Moody 2050) set to resume public engagement in early 2025, the property is well-positioned for increased density and height allowances in response to provincial housing legislation. This strategic timing enhances the site’s long-term redevelopment potential. Located within minutes of key transit nodes including the Evergreen Line’s Moody Centre and Inlet Centre stations, the property benefits from excellent regional connectivity. Nearby destinations such as SFU (4 minutes), Burquitlam Centre (3 minutes), and Lougheed Town Centre (8 minutes) further underscore the site’s centrality. The surrounding area offers a blend of natural beauty and urban convenience, with Rocky Point Park and Newport Village just minutes away. With a high average household income of $129,264 within a 1 km radius and a projected 5-year population growth of over 6% within 5 km, this site is primed for a high-quality residential community that aligns with Port Moody’s vision for sustainable, pedestrian-friendly urban growth.

FOR SALE DETAILS

PRICE

$30,000,000 CAD

PRICE/SF

$1,000 CAD /SF

# OF UNITS

30

PRICE/UNIT

$1,000,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.33 AC

LAND SF

145,055 SF

ZONING

RM3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Harpreet SinghCushman & WakefieldMore Info
604-640-5870

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Harpreet SinghCushman & WakefieldMore Info
604-640-5870

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.