Iconic Properties Group is pleased to present a prime development opportunity in Port Moody—a 1-acre (43,551 sq. ft.) wood-framed development site consisting of five single-family parcels along St. Johns Street, at the gateway to the city’s Urban Core. This site is designated Multifamily Residential under the City’s Official Community Plan (OCP) and falls within the Westport Local Plan, which currently facilitates mid-rise development with zoning provisions allowing for buildings up to six stories and a floor space ratio (FSR) of 2.8. However, due to its strategic location and proximity to key amenities and transportation routes, the City has identified this site as a key urban anchor and has expressed support for a high-rise development of up to 26-28 stories, as discussed in a recent municipal meeting. This presents a compelling opportunity for investors and developers seeking to capitalize on Port Moody’s rapid growth and contribute to a dynamic, mixed-use community integrating residential, commercial, and community spaces.