1089 Cecile Drive, Port Moody, BC

The Property sits at the intersection of Cecile Drive and the transition point from Clarke Road to St. Johns Street. Currently, it comprises 30 strata units on a triangular lot spanning approximately 131,191 square feet or 3.0 acres. Zoned as RM-3 (Ground Oriented Townhouse) with an OCP land use designation of Multi-Family Residential, there exists the possibility of achieving a Floor Space Ratio (FSR) of 2.0 or higher. Across the street, a developer has secured approval for a project targeting a similar FSR, aiming for buildings spanning 17 to 19 stories, having received fourth reading.