CORONATION PARK | PRESALE CONDOS COMING TO PORT MOODY
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NEW PRESALE COMMUNITY COMING 2024 – EARLY 2025
Wesgroup is working an a new and exciting project in Port Moody. This will be a dynamic community, placing emphasis on accessibility and contributing to the expansion of the Port Moody community including 2486 market condos, 105,000SF of new commercial spaces, a pedestrian and cyclist overpass, 30,000SF of office spaces and 3X more community amenity contributions than required by the city.
WHAT STYLE OF BUILDINGS WILL THERE BE?
The buildings will range from 4-story podiums, low rise 6-story wood-frame, 26 story buildings (along Ioco Road) and 31 stories (Balmoral Drive)
WHERE CORONATION PARK IS IN IT’S APPROVALS, AND WHERE IT’S GOING…
Currently Coronation Park is undergoing the final adoption of the Rezoning Bylaw (fourth reading). The next step is projected to be in November 2024 when the developer will apply for their development permit (and sales will likely start around here), construction will start in Fall 2025. The project in its entirety is anticipated to be ongoing until 2036.
GROWTH IN PORT MOODY
Port Moody is expecting to see their population grow from 33,000 (recorded in 2021) to 50,000 by 2041.
ABOUT THE COMMUNITY
New Office Spaces, Resale Spaces and Daycare will contribute to an additional 1114 jobs in the Port Moody Community! City Owned Parks and amenity spaces which will reduce the cost to owners and increase a sense of community. In total there will be 2.55 Acres of public park spaces and 1.5 acres of publicly accessible pathways. Wesgroup will be investing $4.4M into public are and contributing $22.4M into community benefits.
LOCATION
Coronation park will be a 5-minute walk to the Inlet Centre SkyTrain Station
SENIOR HOUSING
Approximately 10% of the rental housing will be designated for senior housing.
Three Reasons Why Buying Near a SkyTrain Station is a Smart Move
1. Convenience
As we move towards a greener future, owning a car is becoming less and less necessary. We are seeing more and more people trade in their high insurance costs and lease payments for car share and a Translink Pass. For those who are willing to give up their car, the trade-off is usually that they want to be in close vicinity to the SkyTrain Station.
2. Resale & Rental Rates
Homes, Condos, and Presale Condos that are close to the SkyTrain station rent for more and sell for more, and rent quicker and sell quicker.
3. Supply vs. Demand
SkyTrain-Friendly Real Estate holds its value. As prices continue to increase, SkyTrain hubs become more and more desirable, and as demand builds, prices rise. Securing a piece of Real Estate in close walking distance to the SkyTrain station is a great way to mitigate risk in fluctuating markets.
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More Presale Condo Developments Here: PRESALE CONDO DEVELOPMENTS
Resale Condos Near Inlet Skytrain Station: RESALE CONDOS
Please note:*All information and marketing material is subject to change at anytime, and is for information purposes only. SkyTrain Condos does not represent the developer and this is not an offering for sale. Such an offering can only be made after filing a disclosure statement. E.&O.E. This information is for marketing purposes only and is subject to change.
