$2,699,000

^$401,000

701 Delestre Avenue

Coquitlam West, Coquitlam, BC, V3K 2G1

0 | 0 | 0 sq.ft. |

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Court-ordered sale. This custom-built 7-bedroom 5500sqft+ luxury home offers exceptional development potential in one of Coquitlam’s fastest-growing areas. Designated RM-3 Medium Density Residential in the Official Community Plan, the property supports 7+ storey apartment development (FSR 2.45) or 4–6 storey options (FSR 2.3)— buyer to verify with City of Coquitlam. Ideal for investors, builders, or end-users looking to hold or occupy while awaiting redevelopment. Located in the heart of the Lougheed City Centre Core, with convenient access to public transit, Lougheed Hwy, shopping, and upcoming infrastructure. Property sold as-is, where-is. Schedule A to accompany all offers. Court approval required.

Property Info

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MLS®: R3005294

Listing Courtesy of Argus Estates (1983) Ltd.

Floor Space 0 sq.ft.

Lot Size 10248 sq.ft.

Title Type Freehold NonStrata

Date Listed XXXX-XX-XX

Property Type Other

Listed Price $2,699,000

Unit Pricing $2,699,000/sq.ft.

Strata Fee $0.00

More Details

Floor Space Finished 0.00 sq.ft.

Zoning RS-1

Water Supply XXXXXX

Summary

Location and General Information

MLS Area Major: Coquitlam
Street Name: Delestre
City: Coquitlam
State Or Province: BC
Postal Code: V3K 2G1
Property Type: Land

Interior and Exterior Features

Interior Features

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Property

Utilities

Water Source: Public

Property and Assessments

Lot Size Square Feet: 10248

Lot Information

Lot Features: Central Location, Near Golf Course, Recreation Nearby
Parcel Number: 800178491

Sold History

Selling

R3005294 Other May 16, 2025 Listed $3,100,000

R3003997 House May 16, 2025 Listed $3,100,000

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City Introduction

Overview of Port Coquitlam, BC, Canada

Population

Port Coquitlam is a city in the Greater Vancouver region of British Columbia, with a population of approximately 63,000 (2024). The population density is 603.7 people per square kilometer. Port Coquitlam is a multicultural city, with about 25.7% of residents belonging to visible minorities, including significant South Asian and Chinese communities.

Economy

Key Industries: Transportation, healthcare, and port logistics. Port Coquitlam's top employers include TransLink, Royal Columbia Hospital, and Port Metro Vancouver, providing stable job opportunities.
Commercial Centers: Columbia Street and Uptown are the main commercial areas, offering a variety of retail shops and dining options.
Educational Resources: Port Coquitlam is home to Douglas College and the Justice Institute of British Columbia, contributing to a skilled workforce and innovation.

Living Features

Natural Environment: Port Coquitlam boasts abundant natural landscapes, including Queen's Park and the Fraser River waterfront trails, ideal for outdoor activities.
Transportation: Port Coquitlam is well-connected to downtown Vancouver via SkyTrain and bus systems, with a commute time of about 30 minutes.
Multiculturalism: The city's diverse communities and cultural events make it an inclusive and vibrant place to live.

Real Estate Investment

Prices: Port Coquitlam's housing prices are relatively moderate compared to Vancouver, with detached homes averaging $1.2 million CAD and condos around $600,000 CAD (2024).

Opportunities:

Stable rental market: Port Coquitlam's universities and job opportunities attract a steady stream of renters, ensuring high rental yields.
Long-term growth potential: Proximity to downtown Vancouver and ongoing infrastructure projects support sustained property value growth.

Risks:

Foreign buyer taxes (20%) and vacancy taxes may increase investment costs.
Rapid price increases in some areas require careful timing for investments.

Verdict

Port Coquitlam is ideal for those seeking a high quality of life and long-term investment. Popular residential areas include Downtown and Uptown, while properties near SkyTrain stations are attractive for investors.

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