19.4% price reduction, 24.05% cheaper than comparables
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.
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
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Welcome to the charming neighborhood of Coquitlam West, where you'll find the perfect blend of community spirit and modern amenities. I'm delighted to introduce you to this stunning property located at 701 Delestre Avenue, Coquitlam, BC, listed as MLS® R3005294.
As a local realtor with extensive knowledge of this area, I'm excited to share with you the unique features that make this home a standout choice for families and individuals alike.
Education
Just down the road from this beautiful home, you'll find Our Lady of Fatima School, an excellent Elementary school with a rating of 8.9/10, located a mere 0.28 km away. This school is highly regarded for its strong academic programs and community values. Closer to high school age, Coquitlam College is a convenient 1.23 km from this address, offering a range of academic and vocational programs.
Safety
According to the latest crime statistics from Statistics Canada (2020), the neighborhood surrounding 701 Delestre Avenue, Coquitlam, BC has a crime rate of 5,163.13, which is considered Below Average compared to other Canadian cities. This means you can enjoy a safe and peaceful living environment, perfect for raising a family or simply enjoying your retirement.
Demographics
The demographics of this area are equally impressive. With 30.6% of residents holding a university certificate or degree, this neighborhood is home to a highly educated population. In fact, this is Above Average compared to other BC neighborhoods. Additionally, the median household income is $54,683, which is Below Average compared to the British Columbia average. This suggests a strong sense of community and a mix of young professionals and families.
Lifestyle Amenities
This property is located in a fantastic area with easy access to a range of lifestyle amenities. Just a short walk away, you'll finds the Westbound Lougheed Hwy @ 600 Block bus station, making it easy to get around without a car. The local parks and trails are also perfect for outdoor enthusiasts, and the nearby shopping centers and restaurants offer a range of options for food and entertainment.
Real Estate Context
The real estate market in this area is thriving, with an average dwelling value of $877,676, which is High compared to other areas in British Columbia. This means that your investment in this property is likely to appreciate in value over time. Additionally, the average owner payments are High in this area, with owners spending an average of $1,596 per month on their dwellings. Tenants, on the other hand, pay an average of $1,092 per month, which is Above Average compared to other cities.
Community
This community is a true gem, with a strong sense of community and a mix of young professionals, families, and retirees. The average age of the population is 41.4, which is Average compared to other BC cities. The neighborhood is also home to a diverse range of cultures, with 88% of residents speaking only English, and 6.1% speaking both English and French.
Transportation
The transportation options in this area are convenient and accessible. With 27.1% of residents using public transport, 66.2% driving cars, and 4.9% walking, you'll find it easy to get around without a car. The nearby bus station and bike paths also make it easy to explore the local area on two wheels.
In conclusion, this property at 701 Delestre Avenue, Coquitlam, BC, listed as MLS® R3005294, is a hidden gem in the heart of Coquitlam West. With its excellent schools, safe community, and convenient lifestyle amenities, this property is sure to appeal to families and individuals alike. As a local realtor, I would be delighted to show you around this property and answer any questions you may have.
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