301-319 Highland Way & 301-311 Afton Lane
- The subject site is a 7.5-acre property in Port Moody's sought-after Inlet district
- and presents an exceptional mark-to-market investment opportunity, anchored by significant income and redevelopment potential under the Official Community Plan. While currently configured as 150 potential income producing townhomes, the site is
- earmarked for new residential construction. Located within the Province of BC's
- TOA Tier 3 radius with minimum density of 3.0 FSR and minimum heights of 8
- stories — the site is an attractive prospect for developers aiming to maximize
- value and density. With its scenic ocean and mountain views, the property’s
- immediate access to public transit, shops, recreational amenities, and parks
- further enhances its appeal. The convenient, walkable location provides residents
- and future buyers with proximity to a full range of urban services, supporting long-
- term value and demand. Importantly, the existing tenant base ensures stable
- holding income, offering cash flow stability for investors while redevelopment
- plans are put forward and approvals are pursued.
Property Description
Highland Park represents a compelling mark-to-market opportunity for investors seeking an exceptional foothold in Port Moody’s most vibrant and rapidly evolving growth corridor. Encompassing approximately 7.5 acres, this high-density, transit-oriented development site occupies a strategic location surrounded by a range of prominent, newly master-planned communities and is just steps from rapid transit infrastructure. This enviable positioning ensures resilient, long-term demand and competitive market relevance as the region continues to urbanize and attract significant private and public investment. This opportunity is expertly tailored for institutional and private capital targeting both attractive, stabilized cash-flow and significant redevelopment potential. Investors will benefit from the property’s proven income generation in its current use, while also capitalizing on the substantial upside afforded by a thoughtfully conceived, multi-phase business plan. The plan is designed to maximize value through a staged redevelopment approach, ensuring risk-mitigated progress and the ability to realize superior returns over the long term. Highland Park’s blend of immediate income, strategic location, and transformative growth prospects positions it as a premier asset for those pursuing outstanding returns in a high-demand, transit-oriented environment. Bids are invited without pricing guidance.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 150 |
| Lot Size: | 7.50 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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