Gardena – Phase 1 (Lotus).

Overview

Gardena – Phase 1 (Lotus) is a 377-home concrete development at 635 Gardena Drive, Coquitlam, BC, in Burquitlam. Homes run 387 to 1,161 sq. ft. Blended pricing is around $1,137 per sq. ft. Estimated completion is 2027.

Plans start at 387 sq. ft., so the release spans studios through to 1,161 sq. ft. family plans, worth knowing that the per-foot average below blends two quite different products.

Location

Burquitlam is the most transit-connected corner of Coquitlam. Burquitlam Station on the Millennium Line reaches downtown Vancouver without a transfer, Lougheed Town Centre is one stop away, and buses run directly up Burnaby Mountain to SFU. Como Lake and Burquitlam Plaza cover the everyday. The neighbourhood is densifying quickly and mostly upward, towers are the default form here, which makes ground-oriented supply genuinely scarce.

The homes

• 377 homes, concrete construction
• 387 – 1,161 sq. ft.
• Blended pricing around $1,137 per sq. ft.
• At that blended rate, roughly $440,000 for the smallest plan and $1,320,000 for the largest
• 15% deposit
• Estimated completion 2027
• Status: Now Selling

How the pricing compares

Measured against 26 other Coquitlam concrete projects in my database, the median blended price is $1,100 per sq. ft. Gardena – Phase 1 (Lotus) at $1,137 is within a few percent of it, effectively at market. That makes this a decision about the specific home rather than about the price level: orientation, floor, plan efficiency and outlook are what will differentiate your outcome here.

Direct comparables

Priced under it: Precidia at $1,064, Smith and Farrow at $1,100, Band at $1,128 per sq. ft. Worth pricing those against this before you decide.

Narrowed to Burquitlam specifically (8 comparable projects), the local median is $1,039, putting Gardena – Phase 1 (Lotus) roughly 9% above its immediate neighbours.

What I would check before you sign

1. The outside completion date in the disclosure statement, which will be later than the estimate above and is the date you are actually agreeing to.
2. The deposit milestones, and whether your funds are committed elsewhere at those dates.
3. Assignment rights and fees, which matter more the longer the build runs.
4. Concurrent supply at completion. Relevant if you are buying to rent or assign rather than to occupy.
5. Which homes are still available, and ask directly why those ones are.
6. The projected strata budget, which is usually optimistic at launch.

Before you commit at Gardena – Phase 1 (Lotus), get someone to read the disclosure statement with you. I do this for clients as a matter of course, along with pulling floor plans and real availability.

Find it on the map.

635 Gardena Drive, Coquitlam, BC