Three-story building with siding exterior and multiple balconies

$4,890,000

11867 222 Street, Maple Ridge, BC V2X 5V4

MLS® C8078916

Description

Rare multifamily redevelopment opportunity in the heart of Maple Ridge Town Centre. Situated on a large 18,203 sqft corner lot with approximately 167 ft of frontage and rear lane access, 11867 222 Street offers exceptional long-term redevelopment potential within the Town Centre Flexible Mixed-Use OCP designation. The existing 21-unit apartment building provides stable holding income. The site's corner configuration, strong frontage, existing multifamily use, and rear lane access create an increasingly rare and highly functional redevelopment opportunity for multifamily or mixed-use developers. Centrally located close to transit, shopping, schools, parks, and Downtown Maple Ridge amenities. A unique opportunity to acquire a strategic income-producing redevelopment asset within one of Metro Vancouver's evolving urban growth corridors.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys)

Year built

1,964

Ownership

Freehold

Levels

3

Lot and parking

Lot size

18,295.2 sq ft

Costs

Annual property tax

$31,515

Tax year

2,025

Location

Area

Maple Ridge

Neighbourhood

West Central

Waterfront

No