$2,799,900

11951 222 Street, Maple Ridge, BC V2X 5V9

MLS® R3082833

Description

RM-3 zoning in presents an exceptional opportunity for high-density residential development, allowing for a base floor space ratio (FSR) of 1.2 times the lot area, with potential for a minimum of 5 storeys & up to 12 storeys. This flexible zoning is ideal for developers looking to create vibrant, community-focused apartment or townhouse projects that maximize both space & value. The property offers great potential for rezoning, providing an opportunity to increase density & unlock even greater value for a high-impact development. This area is an up-and-coming community with rapid growth & a thriving local economy, making it an excellent location for investment. With its proximity to Vancouver & stunning natural surroundings, the region offers tremendous potential for developers.

Property

Property type

Land

Structure

Land Only

Ownership

Freehold NonStrata

Lot and parking

Lot size

13,788.57 sq ft

Lot features

Central Location, Cleared, Private, Recreation Nearby

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$6,234

Tax year

2,025

Land lease

No

Location

Area

Maple Ridge

Neighbourhood

West Central

View

No

Waterfront

No

Community features

Near Shopping

Exterior features

Private Yard