Multi Family

20963 LOUGHEED Highway
Southwest Maple Ridge Maple Ridge V2X 2R2

$4,850,000
Multi-Family Commercial, Land Commercial

Main Photo: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Multi-Family Commercial for sale : MLS® # C8016504
Prop. Type:
Multi-Family Commercial, Land 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:
Multi-Family Commercial, Land 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
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
$162,854
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
  • Photo 1: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Multi-Family Commercial for sale : MLS® # C8016504
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  • Photo 2: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Multi-Family Commercial for sale : MLS® # C8016504
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  • Photo 3: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Multi-Family Commercial for sale : MLS® # C8016504
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  • Photo 4: 20963 LOUGHEED Highway in Maple Ridge: Southwest Maple Ridge Multi-Family Commercial for sale : MLS® # C8016504
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Larger map options:
Avison Young Comm. R.E. Inc.
Listing information last updated on 12-Jan-2018 11:05 PM