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1161 The High St
Coquitlam, BC V3B 7W3
Kensington Plaza · Retail Property For Sale
·
35,720 SF
Investment Highlights
- Long-term lease to a single AAA-rated tenant (BMO) with a new 10-year renewal in place.
- C7 zoning supports diverse commercial uses and future adaptability.
- Strong surrounding retail mix including national brands and essential services.
- 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 located at #1-1161 The High Street in Coquitlam, BC is a ground-floor commercial strata unit within Coquitlam’s Town Centre area. It is zoned under C7 – Transit Village Commercial and includes dedicated parking availability. The site is situated in a high-density mixed-use district near Lincoln Station and is surrounded by a broad range of retail and service amenities including major national retailers.
1 Unit Available
Unit 1
| Unit Size | 6,938 SF | Cap Rate | 3.50% |
| Condo Use | Retail | NOI | $298,200 CAD |
| Sale Type | Investment |
| Unit Size | 6,938 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| NOI | $298,200 CAD |
Sale Notes
This unique investment opportunity consists of a ground-floor strata retail unit prominently located in Coquitlam’s Town Centre High Density Core. The property is currently leased to BMO on a long-term basis, providing a stable income stream and strong covenant security. The tenant has maintained operations in this location for over 20 years, demonstrating high site commitment and reliability.
Featuring a prime corner location, the property benefits from exceptional street visibility and heavy pedestrian activity. Zoned C7 - Transit Village Commercial, the site is adjacent to Lincoln Station, offering excellent transit connectivity and convenient access to major roadways. Surrounding amenities include numerous restaurants, cafes, and medical facilities, with prominent retailers such as Walmart, T&T Supermarket, UNIQLO, and Best Buy within close proximity.
Professionally managed and well-maintained, this asset offers ease of ownership and a fully net-leased structure with scheduled rental escalations. Priced below BC Assessment and delivering a 3.5% cap rate, this property represents a rare opportunity to acquire a secure and income-generating retail strata in a rapidly growing urban node.
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
