1161 The High St - Storefront CONDO FOR SALE


Coquitlam, BC V3B 7W3
$8,520,000 CAD
778-652-0295
1161 The High St, Coquitlam, BC for Sale
$8,520,000 CAD
Storefront CONDO - FOR SALE
1/7
null | 3.5% Cap Rate

1161 The High St
Coquitlam, BC V3B 7W3


HIGHLIGHTS

  • Fully leased to Bank of Montreal under a renewed 10-year term with rental escalations.
  • Highly visible ground-floor corner unit in a dense and vibrant town center district.
  • C7 zoning supports diverse commercial uses and future adaptability.
  • Walk Score of 98 and Transit Score of 80 with immediate access to Lincoln SkyTrain Station.
  • Located in Coquitlam Town Centre’s high-density district within steps of Lincoln Station.
  • Professionally managed and priced below provincial assessment value.

OVERVIEW

This offering comprises a highly visible ground-floor retail strata unit in Coquitlam Town Centre’s thriving high-density core. Positioned on a prominent corner, the property benefits from excellent pedestrian activity and convenient access to major transit routes. The space is fully leased to the Bank of Montreal (BMO), an established AAA tenant with a long-standing presence in the area and a reputation as one of North America’s leading financial institutions. The asset features a 10-year lease renewal with BMO, ensuring long-term stable income and attractive rental escalations throughout the term. The tenant has committed to significant renovations, further enhancing the property’s value and modernization. Professionally managed and maintained, the unit is offered below B.C. assessment, providing investors with an appealing acquisition opportunity in a dynamic growth market. With a zoning designation of C7 – Transit Village Commercial, the property is strategically located within walking distance of Lincoln Station, offering superior connectivity. Surrounded by a mix of retail, residential developments, and lifestyle amenities, this property combines secure tenancy, ease of ownership, and a premium location, making it ideal for investors seeking a low-risk, income-generating asset in one of Metro Vancouver’s fastest-growing nodes.

FOR SALE DETAILS

PRICE

$8,520,000 CAD

PRICE/SF

$1,228 CAD /SF

CAP RATE

3.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kensington Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

35,720 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C-7

APN/PARCEL ID

023-274-697,023-274-701,023-274-841,023-274-859,023-275-430

ASK ABOUT THIS PROPERTY

Adam FrizzellLennard Commercial Realty VancouverMore Info
778-652-0295

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

Adam FrizzellLennard Commercial Realty VancouverMore Info
778-652-0295

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