22213 122 AVENUE, Maple Ridge
$1,998,000
This 8,952 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.
Exceptional two-lot development assembly opportunity in Maple Ridge Town Centre. [contact removed] Ave & [contact removed] St are offered together only for a total asking price of $3,996,000. A feasibility study supports a proposed 6-storey, approximately 52-unit multifamily apartment development with an estimated 32,290 sq. ft. buildable area (2.0 FSR), subject to City approval. Potential development options include market rental, strata, or mixed tenure. Existing holding income of approximately $9,250/month ($111,000/year) provides cash flow during the rezoning and entitlement process. Proposed rezoning from RS-1 to RM-2. Full marketing package available upon request.
How this price compares
This lot asks $223 per square foot of lot. That is 112% above the median of $106 across the 174 active lots VanPlex is showing in Maple Ridge, and puts it 166 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
- $1,998,000
- Lot size
- 8,952 sqft
- Lot dimensions
- 97 x
- Frontage
- 97 ft
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- 1946
- MLS® area
- West Central
- MLS® number
- R3150811
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Listing data via MLS®. Displayed for information only.