[Medium Image] [Photo Quality 8.5"x11" PDF File (8 Mb)] ** Any horizontal images must be rotated 90o prior to printing **

Property Summary:

The property is presently outside of the Urban Reserve are and governed by the Agricultural Land Commission Act (ALCC). These lands have been designated as being within the Agricultural Land Reserve (ALR). Residential subdivision is not permitted within the ALR and development is restricted to improvements that are necessary for agricultural operations or within the limits permitted for residential inhabitation.

The property is within reasonably close proximity to urban development and therefore, would logically become the focus of future residential expansion. It is possible that the property may be removed from the ALR as development pressure intensifies in this part of Port Coquitlam, however the feasibility of this would need to be investigated by any potential purchaser. The property is zoned A-1, Agricultural and the minimum permitted lot size is 2.0 hectares (4.95 acres). From this perspective, the property appears to have subdivision potential into at least two lots (however, the ALR designation prohibits subdivision for any reason besides agricultural production, but there may be some flexibility in this). The site is flat, level and at street grade with some mature trees/shrubbery near the houses. Balance of site is open and set up for hay production/raising of cattle (or other use). The property has good perimeter fences and some cross fences for a modest livestock operation near the agricultural storage buildings and the barn (used for hay storage and shelter for livestock). Older sheds and storage buildings exist.

The open fields have been well maintained and are used for hay production. Property is afforded partial city services including water, BC Hydro and gas, telephone service and cable television connections. Sanitary sewage disposal is by septic tank and storm sewer is managed in a ditch system on both sides of the road. Prairie Avenue is a paved Class "B" local residential street without curbs or sidewalks. Limited street parking is permitted. Police and fire protection is provided by the municipality.

There are no known contamination or easements on the property.

[Medium Image] [Photo Quality 8.5"x11" PDF File (8 Mb)] ** Any horizontal images must be rotated 90o prior to printing **

Location Summary:

The 150 acre property is located on the eastern fringe of what is known as Lincoln Park in Port Coquitlam in an area marked for Urban Reserve.

Property Features

• panoramic (mountain view), well situated 10.06 level acres in peaceful area
• this prime acreage offers rare 612 feet of frontage on north side of Prairie Avenue and great development potential
• located adjacent to urban development site and within 1 km of highway access, railway, schools, public transit and industrial/commercial establishments
• close to Carnoustie Golf Course and shopping (minutes from Coquitlam Center)
• horse trails and other recreational facilities nearby, including Pitt River/Lake
• property sale includes 2 houses, farm buildings (shops/barn) and farm equipment
• newer house had a new roof and carpets installed May/June 2000; plumbing in place for finishing suite on lower floor
• options for farming include maintaining current operations by owner, suspending farming activity (higher property taxes) or leasing of property to a third party

Property Specifications

Civic Address 489/491 Prairie Avenue
Sub Area Lincoln Park (Eastern fringe)
Area Port Coquitlam, BC
Parcel Identifier No. 011-261-170
Current land title registered under Instrument number BE355103

Roll Number 90.5545.000

Gross Taxes (1999) $1,837.17 **

Frontage 612.0 feet (on north side of Prairie Avenue)

Depth 715.7 feet (average perpendicular depth)

Lot Size (Area) 10.06 acres (438,000 sq ft)

Zoning A-1, Agricultural (within the Agricultural Land Reserve - ALR)

Legal Description Lot 7, Section 5, Township 40, Plan 7854

New Westminster Land District

** Municipal property tax based on annual qualification for Farm Exemption status

Potential Usage / Opportunities

• ideal holding property offers future redevelopment potential (perhaps 50 lots) subsequent to re-zoning (if kept as holding property, house(s) can be rented and farming operation can be leased)
• under current ALR regulations possibility exists that property could be subdivided into two 5 acre parcels, enabling construction of a new (3rd) home on the empty 5 acre parcel (this possibility would have to be investigated with the ALC)
• use site for parking large vehicles or other equipment storage (may require consultation with city); property has three access culverts off Prairie Road
• good opportunity for hobby farm enthusiast (horse lover1s paradise); farm equipment includes: Massey Ferguson 255 diesel tractor, old Ford tractor, hay cutting saw, raking/teddering machine, baling machine, manure spreader, fertilizer spreader, harrow, trailer; all on site tools, materials, supplies, hay, feed and livestock included in sale
• possible farming operations include hay crops, berries, vegetables, horse boarding/training, cattle or other animal raising

House Descriptions

The newer, larger residence (489 Prairie) was constructed in 1985 and is a modern raised bungalow design (see attached floor plan layout) with 3 bedrooms and 2 complete (3 piece) bathrooms. The solid construction of this house consists of 2 x 6 framing with heavy gauge plywood used on the main floor. The area of the main floor is 1,309 sq ft (same as on lower floor). Natural gas fired hot water heating system, 40 gallon domestic hot water tank, and very accessible 125 amp circuit panel. All appliances, drapes and window coverings included. A wood burning fireplace is on the main floor. Large rear deck (200 sq ft) offers beautiful mountain views. External maintenance of the house is easy due to vinyl siding and brick finishings.

The grade level basement is unfinished except for the entrance foyer, however plumbing is in place for a potential suite. A 9 foot clearance allows for a drop ceiling to absorb upper level noise and for easy maintenance access. Specific areas are designated for two completely separate laundry rooms if necessary. The hot water heating system has a 4 zone controls enabling independent heat control of upper and lower floors. Also, suite considerations have been made with respect to window locations on the main lower floor.

This house is currently rented at $985 per month.

Ashphalt shingle roof, vinyl deck (under warranty) have been replaced May, 2000.

Carpets have been replaced June, 2000.

The older, smaller residence (491 Prairie) is a 45 year old house. There is 889 sq ft on main level (see attached floor plan layout) with 2 bedrooms and 1 bathroom and a full but shallow basement. The forced air furnace is fuelled by oil. Electric hot water tank of 40 gallons, 60 amp breaker panel.

The house is currently rented at $580 per month.

Notes

1. houses have been historically rented at less than market value by owner in order to secure long term tenancies
2. tenants have been responsible for utilities and normal maintenance; owner has been responsible for property taxes, insurance and any structural repairs
3. the two houses have unique civic addresses (489 and 491 Prairie), however the property is on a single, clear title
4. farming operations are currently undertaken by owner and are not part of residential tenancy agreements