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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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1227 Ioco Road, Port Moody
MLS®: R3100984
2506
Sq.Ft.
4
Baths
4
Beds
11,894
Lot SqFt
1940
Built
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Description
Exceptional development opportunity in prime Port Moody! This ~11,800 sq.ft. lot includes a development proposal for a 2-unit (duplex-style) dwelling while retaining the existing residence, creating a rare multi-dwelling configuration. Plans allow for approx. 4,227 sq.ft. of new construction with two side-by-side units, each offering 3 levels, private garages, and functional layouts. The existing ~3,000 sq.ft. home is well positioned and provides immediate rental income or holding value. Efficient site planning with favorable setbacks and approx. 0.61 FSR maximizes density and future potential.
Taxes (2025): $11,517.64
Amenities
Private Yard
Shed(s)
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
