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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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1209 Crest Court, Coquitlam
MLS®: R3142822
2070
Sq.Ft.
3
Baths
3
Beds
12,177
Lot SqFt
1964
Built
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Description
Attention builders and investors! Rare 12,000+ sqft lot on a quiet cul-de-sac in desirable Coquitlam with excellent redevelopment potential. Opportunity to build a large fourplex with attached garages (buyer to verify with City of Coquitlam). Preliminary potential for four spacious units, each approx. 1,950+ sqft with 5 bedrooms plus den—ideal for today’s market demand. The existing home is well-maintained and offers solid holding income. Located close to schools, parks, shopping, and transit, this is a prime opportunity to secure a high-upside multiplex development site in a growing area.
Taxes (2025): $7,027.49
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