11394 240 STREET, Maple Ridge
$1,050,000
This 15,600 sqft property in Maple Ridge is a detached single-family home on a lot the new rules make suitable for a multiplex. Maple Ridge applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The large lot sizes make the higher counts easier to lay out.
Prime building opportunity in the heart of East Maple Ridge. This 15,600 sq ft lot (104 frontage x 150 ft depth) offers exceptional potential for builders and investors. Zoned RS-3 and designated ground oriented residential (GOR) in the official Community Plan, the property allows for up to 4 units, making it well suited for a multiplex, duplex with suites, or other small scale multi-unit development (buyer to verify with City of Maple Ridge) Partial lane access adds further flexibility for site planning and parking configuration. Located along 240 Street, this property benefits from convenient access to major commuter routes including Dewdney Trunk Road and Lougheed Highway. Everyday amenities are minutes away, with shopping and services at Valley Fair Mall and downtown Maple Ridge.
How this price compares
This lot asks $67 per square foot of lot. That is 36% below the median of $105 across the 173 active lots VanPlex is showing in Maple Ridge, and puts it 60 of 173 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $1,050,000
- Lot size
- 15,600 sqft
- Lot dimensions
- 104 x 150
- Frontage
- 104 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1940
- MLS® area
- Cottonwood MR
- MLS® number
- R3095791
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Listing data via MLS®. Displayed for information only.