20963 LOUGHEED Highway
Southwest Maple Ridge Maple Ridge V2X 2R2

$4,600,000
Land Commercial, Multi-Family Commercial

Main Photo: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8016504
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8016504
Status:
Active
Build. Type:
Mobile
This offering is comprised of 34 residential units situated on a 2.0 acre site with over 135 feet of frontage along Lougheed Highway. With strong occupancy, this opportunity provides secure cash flow to investors. Maple Ridge's Official Community Plan designates the site as Urban Residential, proving long-term redevelopment opportunity. As indicated by the OCP inquiry letter provided by the city of Maple Ridge, the most suitable form of development would be Townhouse Residential under the RM-1 zoning bylaw.
Sale Type:
Asset
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Modular
Building Type:
Mobile
# Units:
34
Year built:
1960 (Age: 58)
Land Use/Zoning:
CS-3
Taxes:
$20,228.04 / 2017
Env Assmt Phase:
None
Net Operating Income:
$162,854
  • Photo 1: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8016504
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  • Photo 2: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8016504
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  • Photo 3: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8016504
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  • Photo 4: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8016504
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Larger map options:
Avison Young Comm. R.E. Inc.
Listing information last updated on May 12, 2018 at 01:38 AM (UTC)
Jordy Brisbin
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