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$2,699,888

529 APPIAN WAY

Coquitlam · MLS® C8079655

10,074 sq ft · 100,744 sq ft lot

Land · Vacant Land · built 1963 · 114 days on market

Listed by Hani Faraj, RE/MAX Crest Realty

Realtor's description

INVESTOR & DEVELOPER ALERT. Corner-lot development land in Burquitlam's most active rezoning corridor. 10,067 sq ft lot designated Medium Density Apartment Residential under Coquitlam's OCP and Burquitlam Lougheed Neighbourhood Plan - steps from two Millennium Line SkyTrain stations. Potential FSR of up to 2.5, translating to approx. 25,000 buildable sq ft. Hold & rent the existing 2,600+ sq ft rancher at approx. $6,000/month, assemble with neighbouring lots for an 8-12% land premium, or rezone and develop your own RM-3 project with projected 35-45% ROI over 5 years. Land up 100% + since 2015. Walk Score 89 | Transit Score 85.

Property details

Type: Land, Vacant Land
Living area: 10,074 sq ft
Lot: 100,744 sq ft
Parking: 0
Year built: 1963
Property tax: $10,418 / yr
Days on market: 114
MLS®: C8079655

Property insights

On market 114 days

The market here

Listed now: 131 days; median for 18 homes for sale; this one 114 days

Homes in Coquitlam. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$12,631/mo

Mortgage $11,763 · Tax $868

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$11,763/ monthly

loan $2,159,910

25-year amortization

down payment20% · $539,97820%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,369,036
property transfer tax: $58,997; BC general rate
cash to close: $598,974; down + PTT
total paid: $3,528,946

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

CoquitlamGoogle Maps ↗

Location

CoquitlamGoogle Maps ↗

Development nearby

Rezoning for a 50 storey building
240 m away · 2023 · conditionally approved · 516, 520, 524, 528, 532, 538, 548, 558, 562, 566 Brookmere Avenue
Master Development Plan with a mix of uses including, market strata residential, market rental residential, affordable housing, office, and commercial, contained in 7 point and podium towers ranging from 28-50 storeys.
Rezoning for a 6 storey, 326 unit building
180 m away · 2024 · under review · 548-574 Cochrane Ave, 549-571 Brookmere Ave & 550 Denton St
Construct two 6-storey market residential buildings with a total of 326 units.
Rezoning for a 6 storey building
130 m away · 2024 · conditionally approved · 537 to 559 Appian Way & 542 to 564 Perth Ave
Construct three 6-storey wood-frame market rental Apartment buildings over two levels of underground parking.

Applications filed with the city, active or decided in the last 3 years, measured from the listing's map pin. An application isn't an approval; the city's page has the current details. Source: City of Coquitlam development applications.

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