3010-3012 St Johns St

SUBJECT PROPERTY 3010 St. Johns Street, Port Moody, BC LOCATION Located along afuent St. Johns Street, on the north east corner of Williams Street / St. Johns Street, within walking distance to Moody Centre Station (Millennium Line). The property is improved with one retail building with a gross leasable area of approximately 3,588 square feet. PROPERTY DETAILS The City of Port Moody recently adopted the Moody Centre Transit Oriented Development (TOD) Area plan, encouraging development of high density, mixeduse, pedestrian-friendly developments within a four-block radius of the new Moody Centre Skytrain Station. The City of Port Moody Ofcial Community Plan designates the General Land use for the property as Moody Centre Transit Oriented Development. The intent of this designation is to support the development of low and mid-rise forms and a mix of residential, retail, office, service, civic, institutional, recreational and cultural uses with Moody Centre Station as the
focal point. A variety of building heights is permitted to a maximum of 26 storeys. Additional density and height allowances will be considered in exchange for community open space designations. MUNICIPALITY Port Moody ZONING Community Commercial (C-3) LOT AREA (APPROX.) 14,810 or 0.33 acres Frontage on Saint Johns Street: 115 feet Depth: 134 feet BASE DENSITY (2.5 FAR) 37,025 SF BC ASSESSMENT VALUE (2018) $3,253,200 YEAR BUILT 1977 ASKING PRICE $7,600,000