Maple Ridge, British Columbia V2X3X8
$1,998,000
MLS® C8080983
Vacant Land
Type
8,952 square feet
Lot Size
Exceptional two-lot development assembly opportunity in Maple Ridge Town Centre. 22213 122 Ave & 12230 222 St are offered together only for a total asking price of $3,996,000. A feasibility study supports a proposed 6-storey, approximately 52-unit multifamily apartment development with an estimated 32,290 sq. ft. buildable area (2.0 FSR), subject to City approval. Potential development options include market rental, strata, or mixed tenure. Existing holding income of approximately $9,250/month ($111,000/year) provides cash flow during the rezoning and entitlement process. Proposed rezoning from RS-1 to RM-2. Full marketing package available upon request. (id:65701)
Listed by
Vanak Realty
Greater Vancouver
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