Maple Ridge Multi-Family Development Site

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30296475
Property Subtypes: Multi-Family
Gross Land Area: 25,480 SF
Sale Price: $5,000,000
Unit Price: $196.23 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/28/2018

Overview / Comments

Prime Central Maple Ridge Development Site. The properties are zoned RS-1 and are designated Medium and High Rise Apartment within the Town Centre Area Plan. This designation opens up a potential to rezone to RM-3 High Rise Apartment, or RM-6 Regional Town Centre High Density Apartment if the lots meet the proposed zone's requirements.
The subject properties are total area 2367 sq. mt. The required minimum area for the RM-3 zone is 1300 sq. mt. and for RM-6 is 2000 sq. mt.
This is a 4 lot land assembly with all four owners on the same page. Contact Listing Agent for particulars of Sellers' expectations and additional info. All 4 properties have old houses on them which can continue occupancy pending redevelopment. All houses are occupied and there will be no viewings of the properties prior to an accepted offer. Please do NOT disturb the occupants of these properties.
Proposed FSR ranges from 1.2 to 2.6 depending on development proposal. There may be limitations to the maximums available - depending on development application from the proponent. Pro-Forma analysis available to qualified parties based solely on land size & FSR - further investigation and architectural work needed to be completed by interested parties!!
Contact David for further information. - dkearney@remax.net

Additional Details

Nearest CMA: Vancouver
Regional District: Greater Vancouver
Parcel ID: 011-376-368; 004-325-711; 011-396-113; 001-988-140
Zoning: RS1 - TO BE REZONED TO RM-3 OR RM-6
Property Located Between: Edge Street, 227 Street
Property Visibility: Excellent
Legal Description: Lots 2 & 3 NWD Plan8843 and Lots 1 & 2 NWD Plan9446
Largest Nearby Street: 224 & Dewdney Trunk
Feet of Frontage: 196
Site Description: Level lots fronting to 121 Avenue across from a school. Rear lane, bounded by residential property to the east, newly developed low rise condo complex to the west.
Area Description: Central Maple Ridge Town Centre - right across from schools, one way street
Lot Frontage: 196
Lot Depth: 130
Zoning Description: RS-1 - Single Family Residential. OCP Designation for Medium and High Rise Apartment within the Town Centre Area Plan
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal, Storm


Contact

Photograph of Listing Agent

David Kearney CCIM

RE/MAX Sabre Realty Group
Commercial First Member
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