Strata Wind-up Mandates Property For Sale

Balmoral Place

MUNICIPAL ADDRESS 201 - 288 Balmoral Place, Port Moody, BC
SITE AREA 4.88 Acres
EXISTING IMPROVEMENTS 88 Stratified Townhouse Units
CURRENT ZONING RM1
OCP DESIGNATION Multi-Family Residential & High Rise Residential
PROJECTED FSR 3.40 Blended (conceptual)
STATUS UNDER CONTRACT

Schedule Appointment

The Offering

On behalf of the owners of the Strata Corporation NWS18O8 (collectively the “Vendor”), CBRE Limited (CBRE) (the “Agent”) is pleased to offer for sale 201-288 Balmoral Place, Port Moody, BC (the “Property”).

Covering an expansive 4.88 acre site, existing improvements include 88 stratified townhouse units. The site is exceptionally located, across from Eagle Ridge Hospital and minutes from the bustling Suter Brook and Newport Villages in Port Moody. The Property is considered to be a trophy redevelopment opportunity for a Purchaser to construct a high-end, multi-phase, master planned community comprised of multiple building forms.
The offering provides an exceptional opportunity to acquire a large scale trophy redevelopment site, currently improved with a townhouse complex comprising 88 townhouse units.

The property sits on an expansive 4.88 acre (212,573 SF) irregular shaped site located on the corner of Guildford Way and Balmoral Place in the City of Port Moody. The property features lush, green-space on a northwest sloping lot providing privacy from the busy Guildford Way. Balmoral Place benefits from unparalleled exposure to both vehicle and pedestrian traffic, with approximately 655 feet of frontage along Balmoral Place to the East and approximately 565 feet of frontage along Guildford Drive to the North.

The redevelopment of the Subject Property into a multi-phase, master planned community would enhance and significantly contribute to the current limited housing options in Metro Vancouver.

Location

Balmoral Place is located on the Southeast corner of Guildford Way and Balmoral Place, just minutes from Newport Village, Suter Brook Village and Eagle Ridge Hospital. Both Newport and Suter Brook Villages are examples of recently completed master planned, mixed-use development communities.

Suter Brook and Newport Villages feature numerous amenities including: Thrifty Foods, IGA, Kin’s Market, Pharmasave, BC Liquor Store, Vancity, TD, RBC, Starbucks, JJ Bean, Cobs Bread, Browns Social House and the nearby Port Moody Rec Centre Complex and Public Library.

The City of Port Moody has become a thriving, rapidly growing community nestled between Burnaby and Coquitlam with a multitude of convenient transit options servicing most areas throughout the Tri-Cities and Metro Vancouver via the new SkyTrain Evergreen Line and the West Coast Express.

Contact

LANCE COULSON
Personal Real Estate Corporation
Executive Vice President
Strata Wind-Up & Property Sales
T +1 604 662 5141
lance.coulson@cbre.com

MITCH CRAMP
Vice President
Strata Wind-Up & Property Sales
T +1 778-372-1943
mitch.cramp@cbre.com

Address:
201 - 288 Balmoral Place, Port Moody, BC