1781 Pitt River Road presents a rare opportunity to acquire approximately 8,535 sqft. of land already divided into TWO LEGAL LOTS. Unlike many redevelopment sites, no subdivision process is required, potentially saving significant time and uncertainty.
According to information provided by the City of Port Coquitlam, each legal lot may qualify for up to four residential units under the Small-Scale Multi-Unit Housing (SSMUH) regulations, creating the potential for up to eight residential units across the property (buyer to verify).
Current Property Features:
- Two legal lots totaling approximately 8,535 sqft.
- Corner property with lane access
- Existing revenue-generating home
- 2-bedroom, 1-bathroom upper level
- 1-bedroom, 1-bathroom walk-out basement suite
- Separate kitchens on both levels
- Updated flooring, paint, appliances, and bathroom improvements
- Large decks and outdoor living space
- Mountain views
- Detached garage and carport
This property appeals to multiple buyer profiles:
✔ Builders & Developers – Redevelop each legal lot independently without subdivision and maximize future density potential.
✔ Investors – Generate rental income from both levels while holding a valuable land assembly candidate for future appreciation.
✔ Owner-Occupiers – Live upstairs and offset mortgage costs with rental income from the bright walk-out basement suite while benefiting from long-term land value growth.
Opportunities offering two existing legal lots with immediate income and substantial redevelopment potential are becoming increasingly rare. The value here is in the land, the flexibility, and the future upside.
