$4,800,000

11682 224 Street, Maple Ridge, BC V2X 6A2

MLS® C8082720

Description

London Pacific is pleased to present Mariner's Watch, a rare opportunity to acquire a 21-unit purpose-built apartment building in the heart of Maple Ridge's rapidly growing Town Centre. Situated on a 8,799 sqft TCAPT designated site, the Property offers investors stable in-place cash flow with significant long-term upside through rental optimization and future redevelopment potential. The suite mix consists of sixteen 1-bedroom and five 2-bedroom units, providing diversified and dependable income. Ideally located within walking distance of shopping, restaurants, parks, Haney Place Mall, Port Haney West Coast Express Station, and Haney Place Transit Exchange, the Property benefits from exceptional connectivity and everyday conveniences. Mariner's Watch represents an opportunity to acquire a pride-of-ownership asset in one of Metro Vancouver's emerging multifamily investment markets.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys), Mixed Use

Ownership

First Nations Lease

Lot and parking

Lot size

8,712 sq ft

Road surface

Paved

Costs

Annual property tax

$35,665

Tax year

2,026

Location

Area

Maple Ridge

Neighbourhood

East Central

Waterfront

No