126 Elgin Street, Port Moody, V3H 2M8 — photo 1

$849,000

126 Elgin Street, Port Moody, V3H 2M8
Active
2 Bedrooms 0 Bathrooms 2,156 sqft Built 1950 Residential

About This Property

RARE READY-TO-BUILD OPPORTUNITY IN PORT MOODY!126 Elgin Street and 2301 St. Andrews Street are two fully subdivided lots, sold together or individually with individual titles, service agreements, and City-approved Development Permit (DP). The subdivision has been finalized and registered, and civil work—including demolition and site prep—has been reviewed by the City ready to build. Build two custom single-family homes with construction permits ready to be issued. Nearly 4,400 sq ft per lot, offering stunning mountain views in a quiet and highly desirable neighborhood. Minutes to SkyTrain, Rocky Point Park, Shoreline Trail, top schools, and Port Moody’s lively brewery district. A turnkey project ready for builders and investors seeking a premium location with minimal delays.

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Property Details

MLS #

R3048237

Status

Active

Type

Residential

Sub-type

Single Family Residence

Ownership

Freehold NonStrata

Zoning

RES

Bedrooms

2

Full Baths

0

Half Baths

0

Kitchens

0

Living Area

2,156 sqft

Main Floor

1,040 sqft

Above Main

400 sqft

Basement

516 sqft fin.

Lot Size

4,308.7 sqft

Lot Dimensions

33 x

Frontage

33

Year Built

1950

Age

76 years

Roof

Other

Construction

Frame Wood, Other (Exterior)

Structure

Residential Detached

Parking Type

None

Original Price

$1,050,000

Listed

2025-09-15

MLS Area

Port Moody Centre

City

Port Moody

Postal Code

V3H 2M8

Features & Finishes

Heating

Electric · Forced Air

Building & Community

View

MOUNTAIN

Lot Features

Central Location, Marina Nearby

Fencing

Fenced

Water Source

Public

Utilities

Community

Community

Shopping Nearby

Disclosures

Property Disclosure

Yes

Coordinates: 49.275806, -122.861445 · Map data © Google

9.6

Hot Deal

Deal Score out of 10

Strong value relative to the market with clear seller motivation signals.

Value vs market49% below market $/sqft
Days on market231 days — significantly stale, strong negotiation position
Price historyPrice dropped 19% from original ask — seller showing motivation
Market conditionsBuyer's market — avg 97% of ask
Draft CPS Offer

Offer Advisor

High confidence

Suggested Offer

$803,959

5.3% below asking price

Negotiation Range

$782,734$816,694

$33,960 spread

$782,734$849,000 ask

Based on 7 recent sales, a starting offer around $803,959 (5.3% below ask) is reasonable. Your negotiation range is $782,734 – $816,694.

What's factored in

Market baseline7 recent Port Moody sales closed at median 96.6% of list price
Price already reducedSeller dropped from 19% off original ask — indicates motivation
Extended market time231 days listed — well above market avg of 165 days, increased negotiation leverage

Based on 7 residential sales in Port Moody (last 60 days) · Updated May 4

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