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Investment signal

$1,499,000

735 LEA AVENUE

Beds

Baths

Sqft

—

Year

1952

Location

See the block, not just the house.

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About this home

Prime investment opportunity in one of Coquitlam´s fast-growing neighbourhoods! This 6,935 sq.ft. RT-1 lot with laneway access in Coquitlam West, just 8 minute walk to Burquitlam SkyTrain, falls within TOA Tier 3 area under Bill 47, offering future redevelopment potential up to 3.0 FSR (~3x lot size) and 8 storeys. Buy and live in as-is, build a duplex, or hold for future land assembly opportunities. Flexible living today. Smart investment for tomorrow. Close to SFU, Lougheed Town Centre, schools, parks, and Hwy 1. Buyers to verify all development potential and zoning details with the City of Coquitlam. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 1,069 square feet
Lot size: 6,935 square feet
Lot dimensions: 6935
Parking: 4 total
Fireplace: 1
On market: Mar 30, 2026
Status changed: Apr 13, 2026
Annual tax: $4,917.41 (2024)
Photos: 31
MLS#: R3105006
Area: COQUITLAM

Features and systems

Basement

Crawl spaceUnknownUnknown

Appliances

All

Heating

Forced airNatural gasCombination

Lot

Central location

Negative cash flow ~$2,873/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,524

Financing

Down payment$299,800

Loan amount$1,199,200

Mortgage$7,357/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$687

Insurance$80

Maintenance$1,249

CapEx reserve$625

Vacancy loss$375

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Coquitlam. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,357/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.