Iconic Properties Group is pleased to present a prime development opportunity in Port Moody—a 1-acre (43,551 sq. ft.) wood-framed development site consisting of five single-family parcels along St. Johns Street, at the gateway to the city’s Urban Core. This site is designated Multifamily Residential under the City’s Official Community Plan (OCP) and falls within the Westport Local Plan, which currently facilitates mid-rise development with zoning provisions allowing for buildings up to six stories and a floor space ratio (FSR) of 2.8. However, due to its strategic location and proximity to key amenities and transportation routes, the City has identified this site as a key urban anchor and has expressed support for a high-rise development of up to 26-28 stories, as discussed in a recent municipal meeting. This presents a compelling opportunity for investors and developers seeking to capitalize on Port Moody’s rapid growth and contribute to a dynamic, mixed-use community integrating residential, commercial, and community spaces. Nestled at the eastern edge of the Burrard Inlet, Port Moody is a waterfront gem celebrated for its stunning coastal views, lush parks, and thriving arts scene. Home to the iconic Rocky Point Park, this vibrant community offers the perfect balance of natural beauty and urban convenience, making it a sought-after destination for families, professionals, and outdoor enthusiasts alike. This exceptional development opportunity sits at the intersection of Barnet Highway and St. Johns Street, a prime location with seamless access to top-rated schools, healthcare facilities, green spaces, and a well-connected transit system. With a booming real estate market and an abundance of local amenities, this property presents an unparalleled opportunity for forward-thinking developers looking to tap into Port Moody’s rapid growth and unmatched lifestyle appeal. This prime 1-acre site is designated Multifamily Residential under the City’s Official Community Plan (OCP), aligning with Port Moody’s vision for sustainable urban expansion. While the Westport Local Plan currently allows for mid-rise development of up to six stories, recent city discussions have indicated strong support for a high-rise, mixed-use project of up to 26-28 stories, positioning this site as a landmark development opportunity at the gateway to downtown. Situated at the prominent intersection of Barnet Highway & St. Johns Street, this location offers seamless connectivity to major transit routes, top-tier schools, healthcare facilities, and expansive green spaces. The site's central positioning in a rapidly growing urban hub makes it ideal for a vibrant, mixed-use community, where residents can enjoy both convenience and a dynamic lifestyle. With Port Moody experiencing rapid growth, this site presents a rare opportunity for developers to deliver a high-density residential project that meets the rising demand for rental and strata housing. The potential to incorporate retail, commercial, and community spaces enhances the project’s long-term value, creating an integrated, walkable environment that aligns with the city's vision for the future.
