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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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1940 St Johns Street, Port Moody
MLS®: R3059911
2457
Sq.Ft.
2
Baths
5
Beds
8,713
Lot SqFt
1961
Built
Description
Builder & Investor Alert! Prime Port Moody development opportunity. This exceptional property sits on an elevated site with breathtaking water and mountain views. Currently zoned RS1, allowing up to 6 units of small-scale multi-unit housing or explore multi-family condo potential up to 6 storeys. Even greater opportunity—combine with 1935 Clarke Street for a 12-unit townhouse development without rezoning. Located steps to transit, Port Moody Secondary, and just minutes from parks, shopping, and SFU. Tenanted—perfect for holding or redevelopment. Don’t miss this rare chance to secure a strategic site in one of Port Moody’s fastest-growing, most desirable areas!
Taxes : $8,547.64