David Kearney CCIM
RE/MAX Commercial

22108-22154 Lougheed Highway
Maple Ridge Maple Ridge V2X 2S8

$5,280,000
Commercial

Aerial view
Status:
Sold
Prop. Type:
Commercial
MLS® Num:
EXCLUSIVE
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.
Price:
$5,280,000
Property Type:
Commercial
MLS® Num:
Exclusive
Status:
Sold
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.
Town Centre OCP
Development Pro Forma
22100 Block Lougheed Highway.pdf
" target="_blank" rel="nofollow">Commercial First Listing
  • Photo 1: 22108-22154 Lougheed Highway in Maple Ridge: Land Commercial for sale
    Aerial view
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Listed by RE/MAX SABRE REALTY GROUP
Data was last updated September 9, 2024 at 09:10 PM (UTC)
DAVID KEARNEY
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.