As reported in the Globe and Mail, the Canada Post Site at 349 West Georgia (Homer and Georgia Street) has been listed for sale. The site is a full city block, 130,000 SF in total area, and allows a density of 5.0-7.0 FSR.

“…there are already roughly 20 companies and pension funds interested in the site, including the budget retailer Target.”

Due to view cones covering the property, the site would potentially allow buildings only up to 225-285 feet.

For more visit: http://www.theglobeandmail.com/news/british-columbia/vancouvers-canada-post-building-a-brokers-dream-a-heritage-advocates-nightmare/article4597726/

Coquitlam multifamily assets have shown a steady increase in value over the past 5 years as cap rates for apartment buildings have dropped across the region. This market is predominantly characterized by low-rise buildings. The average sales value over the past five years in this market is about $125,000, a value range that is consistent with areas such as East Vancouver and New Westminster.