$5,899,000

10869 - 10911 248 Street, Maple Ridge, BC V2W 1G7

MLS® C8081927

Description

An exceptional opportunity to acquire two contiguous, side-by-side parcels totalling approximately 6.76 acres of RS-3 zoned land in Maple Ridge’s desirable Albion neighbourhood. Each property features a single-family residence, providing potential holding income while buyers pursue future redevelopment and rezoning opportunities. The properties are designated for Townhouse use under the Official Community Plan (OCP), creating compelling long-term redevelopment potential. With significant land area, a growing residential community, and OCP support for townhouse use, this offering presents an attractive opportunity for developers and investors. Primary value is in the land and its future potential. Purchasers are advised to conduct their own independent due diligence with the City of Maple Ridge regarding zoning, density, servicing, development requirements, and potential rezoning.

Property

Property type

Land

Year built

1,969

Ownership

Freehold

Lot and parking

Lot size

294,465.6 sq ft

Costs

Annual property tax

$55,569

Tax year

2,025

Location

Area

Maple Ridge

Neighbourhood

Albion

Waterfront

No