20138 LORNE AVENUE, Maple Ridge
$1,849,900
This 19,236 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.
INVESTOR ALERT! This property has BIG potential for buyers looking for development or more..... The lot measures 160 feet in frontage by 120 feet in depth and is currently zoned RS-1 which allows for single family residential development. However, the Official Community Plan (OCP) supports a range of zoning options, including R1, RT-1 (Duplex), RT-2 (Triplex), CD-1-93 & RS-1B which provides significant development potential. In addition to huge opportunity, the character home is well kept and updated. Property has detached double garage with an RV bay, cleanout + storage room. Live, Enjoy, Hold, Rent or Develop, the possibilities are endless.
How this price compares
This lot asks $96 per square foot of lot. That is 9% below the median of $106 across the 174 active lots VanPlex is showing in Maple Ridge, and puts it 77 of 174 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
- $1,849,900
- Lot size
- 19,236 sqft
- Lot dimensions
- 160.02 x 120.59
- Frontage
- 160.02 ft
- Bedrooms
- 3
- Bathrooms
- 1
- Year built
- 1940
- MLS® area
- Southwest Maple Ridge
- MLS® number
- R3141951
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Listing data via MLS®. Displayed for information only.