22108-22154 Lougheed Highway in Maple Ridge: Multi-Family Commercial for sale
22108-22154 Lougheed Highway
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Prime downtown Maple Ridge location - at the entrance to the downtown core. OCP designated, and City confirms highest and best use is as a redevelopment site for 4 or 5 level multi-family apartments under RM-2 or CD-1(assisted living) zoning. FSR of 1.8 means 94,090 buildable square feet. ($56.12 / buildable sf.) Six property Land Assembly - Owners Agreement in place. The property is within the Fraser River Escarpment Policy, which requires controlled drainage of surface water.
||Plan NWP8614 Lots 5,6,7,8,9,10 DL 397 LD 36
||This property fronts directly to Lougheed Highway. Access to new development would be from 221 St. or lane behind.
||The site is level and presently supports 6 single family homes. Access would be from the lane to the south of the properties.
||Maple Ridge is a suburban community east of Vancouver BC approximately 45 minutes travel by highway. A last remaining bastion of affordability, recent news of major development in the downtown core over the coming years will certainly establish a new level of acceptability to this community. Well served by schools, churches and shopping it is a major growth area of Greater Vancouver.
||Presently RS-1 - Single Family home. Requires a change to RM-2 - this is supported by the OCP and a recent Land Use Enquiry to the Municipality of Maple Ridge. City would also consider CD-1-00 - Assisted Living zoning.
||The property is within the Fraser River Escarpment area - requires surface water to be drained in sewers. Infrastructure will need to be improved to carry the increase in density.
Listed by RE/MAX SABRE REALTY GROUP
Listing information last updated on 30-Nov-2017 6:04 PM