For Sale · Land

24177 112 AVENUE, Maple Ridge

24177 112 AVENUE, Maple Ridge, BC V2W1H5

$1.3M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

100%

Lot Size

2.01 ac

About this property

A rare opportunity to acquire a near shovel-ready 4-lot subdivision in Maple Ridge's growing Cottonwood neighbourhood. Third Reading approval is in place, and extensive civil, geotechnical, environmental, arborist, and subdivision work has already been completed, significantly reducing approval timelines and entitlement risk. The proposed subdivision features four rear lane access lots in a highly desirable park-side setting, directly across from a playground and backing onto green space. Flexible zoning supports multiple development options, including potential duplex development (buyer to verify with the City of Maple Ridge). An outstanding opportunity for builders and developers to step into a well-advanced project with much of the heavy lifting already completed. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$73K

Annual cash flow

$865

Cash-on-cash

0.22%

DSCR

1.01

Going-in cap

5.61%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

98,208

Households

37,630

Median income

$137,000

Median age

40.1

Daytime population

152,828

5-yr growth

4.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 24177 112 AVENUE, Maple Ridge.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.