22195 DEWDNEY TRUNK ROAD, Maple Ridge

2024-02-12
 

Quick Summary

Location
22195 DEWDNEY TRUNK ROAD, Maple Ridge, British Columbia V2X3H7
Price
$6,400,000 CAD
Status:
For Sale
Property Type:
Vacant Land
Area:
6229ft2
Year of Construction:
1974

MLS®#C8057547

Property Description

Presenting an exceptional opportunity for investors and developers, this property offers over 27,700 square feet of prime re-development land. The highest & best use envisions a one-level commercial/retail space accompanied by the potential for 5 levels of wood-frame residential apartments, all topped off with convenient underground parking. Currently operating as a medical building, the property yields an impressive $200,000 Net Operating Income (NOI) annually, with a modest 40% lot coverage. Positioned at the high-visibility corner of 222nd & Dewdney Trunk Road, this location experiences substantial foot & vehicle traffic, enhancing its commercial viability. The property is currently tenanted with solid leases, each extending for five years, contributing to a reliable and diverse tenant mix. Whether considered as a robust revenue-holding asset or a prime candidate for immediate redevelopment, this offering promises an exciting venture in a thriving and strategic locale. Must be purchased with R2849049 (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 6229 sqft

Land

  • Land Size: 20282 sqft

Zoning

  • Description: C-3

Information entered by RE/MAX LIFESTYLES REALTY
Listing information last updated on: 2024-05-21 14:55:43


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$500,000

Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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David Maitre Personal Real Estate Corporation

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