Your email has been sent.
1161 The High St - Kensington Plaza 6,938 SF Retail Condo Unit Offered at $6,247,892 in Coquitlam, BC V3B 7W3
Investment Highlights
- Fully leased to Bank of Montreal under a renewed 10-year term with rental escalations.
- C7 zoning supports diverse commercial uses and future adaptability.
- Located in Coquitlam Town Centre’s high-density district within steps of Lincoln Station.
- Highly visible ground-floor corner unit in a dense and vibrant town center district.
- Walk Score of 98 and Transit Score of 80 with immediate access to Lincoln SkyTrain Station.
- Professionally managed and priced below provincial assessment value.
Executive Summary
The property is a ground-floor retail strata unit located at #1-1161 The High Street in Coquitlam, British Columbia. It is situated in Coquitlam Town Centre within a transit-accessible, high-density environment with completed and planned residential developments. The property benefits from proximity to Lincoln SkyTrain Station and multiple major roadways, including Lougheed Highway. The immediate area contains a variety of retail, service, and residential uses, contributing to consistent pedestrian activity.
1 Unit Available
Unit 1
| Unit Size | 6,938 SF | Sale Type | Investment |
| Price | $6,247,892 USD | Cap Rate | 3.50% |
| Price Per SF | $900.53 USD | NOI | $218,676.21 USD |
| Condo Use | Retail |
| Unit Size | 6,938 SF |
| Price | $6,247,892 USD |
| Price Per SF | $900.53 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| NOI | $218,676.21 USD |
Sale Notes
This offering comprises a highly visible ground-floor retail strata unit in Coquitlam Town Centre’s thriving high-density core. Positioned on a prominent corner, the property benefits from excellent pedestrian activity and convenient access to major transit routes. The space is fully leased to the Bank of Montreal (BMO), an established AAA tenant with a long-standing presence in the area and a reputation as one of North America’s leading financial institutions.
The asset features a 10-year lease renewal with BMO, ensuring long-term stable income and attractive rental escalations throughout the term. The tenant has committed to significant renovations, further enhancing the property’s value and modernization. Professionally managed and maintained, the unit is offered below B.C. assessment, providing investors with an appealing acquisition opportunity in a dynamic growth market.
With a zoning designation of C7 – Transit Village Commercial, the property is strategically located within walking distance of Lincoln Station, offering superior connectivity. Surrounded by a mix of retail, residential developments, and lifestyle amenities, this property combines secure tenancy, ease of ownership, and a premium location, making it ideal for investors seeking a low-risk, income-generating asset in one of Metro Vancouver’s fastest-growing nodes.
Property Facts
| Total Building Size | 35,720 SF | Typical Floor Size | 8,930 SF |
| Property Type | Retail (Condo) | Year Built | 1996 |
| Property Subtype | Storefront | Lot Size | 0.23 AC |
| Building Class | B | Parking Ratio | 0.42/1,000 SF |
| Floors | 4 | ||
| Zoning | C-7 - Commerical | ||
| Total Building Size | 35,720 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 8,930 SF |
| Year Built | 1996 |
| Lot Size | 0.23 AC |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | C-7 - Commerical |
Amenities
- Signage
Nearby Major Retailers
Presented by
1161 The High St - Kensington Plaza
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.