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$1.3M total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
100%
Lot Size
2.01 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 24177 112 AVENUE, Maple Ridge.
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.