Coquitlam retail centre with potential sells over assessment

The free-standing building on 0.18 acres, with development potential on major street, sold for $3.18 million

Fraser Elliott Group / Vancouver / for Western Investor
January 28, 2021

1066 Austin Avenue, Coquitlam  Fraser Elliott
— Fraser Elliot Group, Vancouver, for Western Investor

Property type: Retail

Location: 1066 Austin Avenue, Coquitlam, B.C.

Number of units: 3

Property size: 3,431 square feet

Land size: 7,839 square feet

Land size in acres: 0.18 acres

Zoning: C-2 (commercial)

OCP maximum: 25-storey tower

BC Assessment value (2020): $2.51 million

List price: $3.29 million

Sale price: $3.18 million

Date of sale: January 11, 2021

Brokerage: Fraser Elliott Group, Vancouver


Broker: Fraser Elliott

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