22108-22154 Lougheed Highway in Maple Ridge: Land Commercial for sale
22108-22154 Lougheed Highway
Maple Ridge
V2X 2S8
:
- $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. |
Data was last updated June 7, 2023 at 08:10 AM (UTC)
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