The Property is located along Cecile Drive where Clarke Road turns into St. Johns Street. The Property currently includes 30 strata units in a triangular shaped lot with approximately 131,191 sf / 3.0 acres and is currently zoned RM-3 (Ground Oriented Townhouse) with an OCP land use designation of Multi-Family Residential. There is potential to achieve 2.0 FSR or more. Developer across the street has an approved application, targeting +/- 2.0 FSR with buildings up to 17 - 19 storey and have received the fourth reading.
The Purchaser must confirm and verify the achievable density increase with the City of Port Moody’s planning and development department.
The City of Port Moody is in the process of creating a new Official Community Plan, Port Moody 2050. Port Moody 2050 is a one- to two-year process to gather public input and draft focused updates to the Official Community Plan, the city’s long-term vision for the future.