9.7% price reduction
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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Property History
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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 701 Delestre Avenue, a beautiful property located in the heart of Coquitlam, BC!
As we walk through this stunning community, you'll notice the proximity to top-rated schools, including Our Lady of Fatima School, which is just a short 0.28 km away from this home. This Elementary school boasts an impressive 8.9/10 rating, making it a fantastic choice for families. You can trust that your children will receive an excellent education in a safe and nurturing environment.
A Safe and Secure Community
Let's take a look at the crime statistics in the area. According to the latest data from Statistics Canada (2020), this neighbourhood 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 you're living in a safe and secure community. In fact, the overall crime rate in this area is 12.53% lower than it was in 2020, indicating a continued trend of decreasing crime.
Access to Quality Education and Employment Opportunities
As we explore this neighbourhood, you'll discover that 30.6% of residents hold a university certificate or degree, which is above average in comparison to other BC neighbourhoods. This indicates a strong emphasis on education and a high level of achievement among residents. Additionally, the median household income in this area is $54,683, which is below average compared to the British Columbia average. However, the unemployment rate is a low 5.8%, making it an attractive choice for those seeking employment opportunities.
A Thriving Community with Amenities Galore
This community is surrounded by wonderful amenities, including the Westbound Lougheed Hwy @ 600 Block bus station, just 0.2 km away from this property. You'll also find a variety of shopping malls, grocery stores, restaurants, and coffee shops nearby, making it easy to get everything you need without having to venture far.
Demographics and Lifestyle
The average family size in this area is 2.8, which is below average compared to the whole region. However, 64.3% of families in this neighbourhood have children, making it an excellent choice for families. The average age of the population is 41.4, which is average in comparison to other BC cities. You'll also find a diverse range of cultures and languages spoken in this community, with 88% of residents speaking only English.
Real Estate and Housing
The average value of dwellings in this neighbourhood is a staggering $877,676, which is high compared to other areas in British Columbia. The average owner payments are also high, at $1,596, while tenants are paying $1,092, which is above average compared to other cities. 49% of the population in this area are renters, which is high compared to other BC cities and areas.
A Great Place to Call Home
As we conclude our tour of 701 Delestre Avenue, I hope you can see why this is a fantastic property to call home. From its proximity to top-rated schools and safe community to its access to quality education and employment opportunities, this neighbourhood has something for everyone. Whether you're a family, a professional, or an individual, this community offers a unique blend of amenities, lifestyle, and real estate opportunities. Don't miss out on the chance to make 701 Delestre Avenue your home – contact me today to schedule a viewing!
MLS® R3005294, 701 Delestre Avenue, Coquitlam, BC
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