1161 The High St - Storefront CONDO FOR SALE


Coquitlam, BC V3B 7W3
$8,520,000 CAD
604-618-3220
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

  • Long-term lease to a single AAA-rated tenant (BMO) with a new 10-year renewal in place.
  • 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.
  • Strong surrounding retail mix including national brands and essential services.
  • Professionally managed and priced below provincial assessment value.

OVERVIEW

This unique investment opportunity consists of a ground-floor strata retail unit prominently located in Coquitlam’s Town Centre High Density Core. The property is currently leased to BMO on a long-term basis, providing a stable income stream and strong covenant security. The tenant has maintained operations in this location for over 20 years, demonstrating high site commitment and reliability. Featuring a prime corner location, the property benefits from exceptional street visibility and heavy pedestrian activity. Zoned C7 - Transit Village Commercial, the site is adjacent to Lincoln Station, offering excellent transit connectivity and convenient access to major roadways. Surrounding amenities include numerous restaurants, cafes, and medical facilities, with prominent retailers such as Walmart, T&T Supermarket, UNIQLO, and Best Buy within close proximity. Professionally managed and well-maintained, this asset offers ease of ownership and a fully net-leased structure with scheduled rental escalations. Priced below BC Assessment and delivering a 3.5% cap rate, this property represents a rare opportunity to acquire a secure and income-generating retail strata in a rapidly growing urban node.

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

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

ASK ABOUT THIS PROPERTY

Adam FrizzellLennard Commercial Realty VancouverMore Info
604-618-3220

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Adam FrizzellLennard Commercial Realty VancouverMore Info
604-618-3220

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