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1941 HOLDOM AVENUE, North Burnaby Land Assembly Opportunities for Sale Attention Developers and Investors! Don’t miss this exceptional opportunity in Burnaby’s premier Transit-Oriented Development Tier 1 zone. This single-family home is perfectly located just 200 meters from Holdom SkyTrain Station. With new provincial legislation in place, the property now permits a multi-family building of up to [...]
620 SMITH AVENUE Coquitlam - Burquitlam Land Assembly Opportunities Multi-family with 2 Duplexes (4 self-contained suites with total 8 bed, 4 bath and 2 laundry) - 620 & 620A Smith Av. Exceptional investment and development potential in highly sought-after Burquitlam! Ideal for land assembly, this centrally located gem boasts proximity to Burquitlam Station, YMCA and schools. [...]
Am I Required to Redevelop or Sell My Property in a Transit-Oriented Development (TOD) Area? No, property owners in Transit-Oriented Development (TOD) areas are not required to sell or redevelop their properties. Similar to the Official Community Plan (OCP) land use designations, TOD regulations establish the minimum allowable density and height for future developments. However, any [...]
How is this development different than Coquitlam’s existing density around transit? Coquitlam has had a Transit-Oriented Development Strategy for over 10 years, aimed at insuring new development around rapid transit supported higher density, was pedestrian friendly, and had a mix of land uses (e.g. retail, residential, parks) to ensure people could live, work and play close [...]
What Types of Development Are Permitted in Transit-Oriented Development (TOD) Areas Under the New Provincial Housing Legislation? The new provincial housing legislation outlines specific densities and building heights for residential and mixed-use developments in Transit-Oriented Development (TOD) areas within Metro Vancouver. These guidelines apply to properties located near rapid-transit stations and are designed to optimize land [...]
Can I Do a Land Assembly with Properties in Both Transit-Oriented Development (TOD) Areas and Non-TOD Areas? Yes, it is possible to assemble properties in both Transit-Oriented Development (TOD) zones and non-TOD areas. However, the minimum density, building heights, and removal of residential parking requirements mandated for TOD areas by the Province do not apply to [...]
What are Transit-Oriented Development (TOD) Areas? Transit-Oriented Development (TOD) areas are strategically located within 800 meters of a rapid-transit station, such as a SkyTrain station, and within 400 meters of a bus exchange or West Coast Express station. These public transit-friendly zones promote easy access to high-frequency transit systems, supporting sustainable urban growth, reducing traffic congestion, [...]
Summary of Pros and Cons of Land Assembly below: Land assembly offers several advantages and disadvantages for developers, property owners, and communities. Here’s a breakdown of the pros and cons: Pros of Land Assembly: Larger Development Potential: Combining multiple parcels creates a site suitable for larger and more ambitious development projects, such as high-density housing, commercial [...]
🏠 The British Columbia government has proposed a new legislation that will require municipalities to approve multi-unit housing on single-family lots, regardless of their preference.🏠 The bill will also legalize secondary suites or laneway homes in all B.C. communities.🏠 Developers will be allowed to replace a single-family home with up to six units in neighborhoods close [...]
SOLD : 204 3925 Kingsway, Burnaby Congratulation to my Sellers have their home SOLD with good return. I helped him to purchase just few years ago, and the return is almost few times of their original price. Happy Seller with Happy Return in few years investment. And move on for another new project. Thank you for [...]
