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$ 1,998,000
Est. payment | /mo
9,147 Sqft Lot
$ 1,998,000
Est. payment | /mo
9,147 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type Asset
MLS Listing ID C8080983
Lot Size 9,147 Sqft
Property Description
Exceptional two-lot development assembly opportunity in Maple Ridge Town Centre. 22213 122 Ave & 12230 222 St are offered together only for a total asking price of $3,996,000. A feasibility study supports a proposed 6-storey, approximately 52-unit multifamily apartment development with an estimated 32,290 sq. ft. buildable area (2.0 FSR), subject to City approval. Potential development options include market rental, strata, or mixed tenure. Existing holding income of approximately $9,250/month ($111,000/year) provides cash flow during the rezoning and entitlement process. Proposed rezoning from RS-1 to RM-2. Full marketing package available upon request.
Location
Province BC
Community West Central
Area Maple Ridge
Zoning RS1
Exterior
Utilities Available Electricity Connected, Garbage Collection, Natural Gas Connected
Building
Sewer Public Sewer, Sanitary Sewer, Septic Tank
Water Public
Others
Ownership Freehold
Nearby Locations
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