A 7,491-square-foot commercial building in Coquitlam's Austin Heights area with three long-term office tenants on the second floor has sold for $4.25 million, reports Macdonald Realty. The site has potential for higher-density development under the City of Coquitlam's Official Community Plan.
Breakdown:
Property type: Commercial building
Location: 1106 Austin Avenue, Coquitlam
Property size: 7,491 square feet
Number of units: 4
Lot size: 9,458 square feet
Zoning: C-2
Listing price: $4.25 million
Sale price: $4.25 million
Date of sale: February 18, 2020
Brokerage: Macdonald Realty Ltd., Coquitlam
Broker: Wayne TullisĀ