523 Cochrane Ave, Coquitlam, BC, MLS® R3001256

$3,645,000
Est. Mortgage /mo

$3,645,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
4 Beds
3 Baths
2 Stories
lot 7546 sqft
3005 sqft
1963 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

523 Cochrane Ave, Coquitlam, BC | MLS® R3001256 Property Details

ATTN DEVELOPERS & INVESTORS - Discover an exceptional investment opportunity in Coquitlam West! This 4-bed, 3-bath home sits on a 7500+sq. ft. lot located within the Lougheed Town Centre Station. TOD Tier 3 zone, this prime location offers an FSR of 3.0, allowing for up to 8 stories of vibrant community living. Enjoy proximity to Lougheed Town Centre, restaurants, amenities, groceries, and shopping. Making it an unparalleled developer opportunity. Don’t miss the chance to transform this property into a profitable venture in a prime redevelopment location.

General Info

Price $3,645,000
Total Bedrooms 4
Total Bathrooms 3
Half Bathrooms 0
Floor Area Total (sqft) 3005
Lot Size 7546
Lot Size Depth -
Lot Size Frontage 0
Basement None
Basement Features BasementFeatures

Property Metrics

Year Built 1963
Age Of Building 62
Building Type Other
Property Type Residential
Architecture Style Other
Stories 2
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3001256
Area Coquitlam
Neighbourhood Coquitlam West
City Coquitlam
Gross Taxes $6,512.23
Ownership Type Freehold NonStrata
Maintenance Fee -
Fixtures Included -

Heating & Cooling

Fireplace -
Heating Type Other

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Other
Total Parking Spaces -

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Strata Restrictions -
Rental Restrictions -
Zoning RS1
Rental Suites -
# of Kitchens 0
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features No Outdoor Area
Sewer Sanitary Sewer, Storm Sewer
Roof Other

Property History

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Status Date Price
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Listed by: eXp Realty & eXp Realty & eXp Realty

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.

Neighborhood Info

Private Schools

Elementary
Our Lady of Fatima School
1.47 km
8.9/10
Excellent
Secondary
Coquitlam College
0.19 km

Closest Transit

Bus Stop
Northbound North Rd @ Cameron St
0.17 km
Skytrain
Skytrain @ Lougheed Town Centre Station
0.58 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

Welcome to this beautiful community in Coquitlam, BC, where you'll find the perfect blend of suburban charm and urban convenience. I'm delighted to guide you through the highlights of this desirable neighborhood, where the property at 523 Cochrane Avenue, Coquitlam, BC, MLS® R3001256, awaits.

As we explore this area, you'll discover that families love it here because of the excellent schools. Our Lady of Fatima School, rated 8.9/10, is just a short 1.47 km away from this stunning home. This Elementary school is a top choice for parents, and its proximity to the property makes it an ideal option for families.

In terms of Secondary schools, Coquitlam College, with no rating, is conveniently located just 0.19 km from this address. While it may not have a rating, it's still a great option for students and a testament to the area's commitment to education.

Now, let's talk about safety. According to Statistics Canada's 2020 report, this neighborhood has a below-average crime rate of 5,163.13 incidents per 100,000 population. This means you can enjoy peace of mind knowing that the area is secure. In fact, the year-over-year change in the total crime rate is a impressive -12.53%.

As we delve into the specifics of crime rates, you'll notice that the neighborhood surrounding 523 Cochrane Avenue, Coquitlam, BC, MLS® R3001256, has an average drug crime rate compared to other neighborhoods. However, the illegal substances offenses rating is 211.39, and there were 323 incidents in 2020. This is a slight decrease from previous years, with a year-over-year change of -6.89%.

Property crimes in the area are also below average, with a rating of 2,738.96 and 4,185 incidents in 2020. This represents a significant decrease from previous years, with a year-over-year change of -18.08%.

As for violent crimes, the rate is low at 825.29 incidents per 100,000 population. This is a testament to the area's commitment to safety and security. The year-over-year change in the violent crime rate is a moderate 2.99%.

Now, let's explore the community's demographics. You'll find that 26.8% of the population has a university certificate or degree, which is above average compared to other BC neighborhoods. On the other hand, 13.2% of the population has no certificate or degree, which is below average.

In terms of income, the median household income is $58,453, which is below average compared to other BC neighborhoods. The median personal income is $27,380, also below average. However, 52.6% of households in the area have a mortgage, which is below average.

The unemployment rate in the area is 7.1%, which is below average compared to other province neighborhoods.

As you explore this community, you'll notice that the population change between 2011 and 2016 was 1.6%, which is average compared to the region's growth rate. The population density per square kilometer is 3,333, which is above average.

The average family size in the area is 2.9, which is average compared to the region. However, 64.5% of families in the area have children, which is above average. On the other hand, 54.7% of the population is married or living common law, which is below average.

The average age of the population is 39.9, which is below average compared to other BC cities.

In terms of real estate, the average value of dwellings in the area is $831,557, which is high compared to other areas in British Columbia. The average owner payments are above average, with homeowners spending $1,341 on their dwellings. Tenants, on the other hand, pay an average of $1,081, which is average compared to other cities.

43.6% of the population in the area are renters, which is above average compared to other BC cities and areas. As for language, 87.1% of the population speaks only English, which is below average. However, 5.2% of the population speaks neither English nor French, which is high.

Finally, 31% of the population in the area use public transport, which is high. On the other hand, 62.6% of the population use cars, which is low. 1.3% of the population use bicycles, which is average, and 4.1% of the population walk, which is average.

In conclusion, the neighborhood surrounding 523 Cochrane Avenue, Coquitlam, BC, MLS® R3001256, offers a

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $3,645,000
Coquitlam No comparables
Coquitlam West No comparables
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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