David Kearney CCIM; Greater Vancouver Commercial REALTOR® | (604) 942-0606

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22108-22154 Lougheed Highway in Maple Ridge: Land Commercial for sale

22108-22154 Lougheed Highway Maple Ridge V2X 2S8 :

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$5,280,000
Prop. Type:
Commercial
MLS® Num:
EXCLUSIVE
Status:
Pending
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.
Legal Description: Plan NWP8614 Lots 5,6,7,8,9,10 DL 397 LD 36
Access: This property fronts directly to Lougheed Highway. Access to new development would be from 221 St. or lane behind.
Site Description: The site is level and presently supports 6 single family homes. Access would be from the lane to the south of the properties.
Area Description: 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.
Zoning: 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.
Infrastructure: 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.
Property Type:
Land Commercial, Multi-Family Commercial
Original Price:
$5,280,000
Data was last updated December 16, 2019 at 04:00 AM (UTC)
DAVID KEARNEY
David Kearney CCIM; Greater Vancouver Commercial REALTOR®
Office:(604) 942-0606
Fax:(604) 942-9533
Toll Free:(1) 888-942-0606
Cell:(604) 617-2624
RE/MAX Sabre Realty Group
#102 - 2748 Lougheed Highway
Port Coquitlam, BC
V3B 6P2 CA
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