$6,400,000
22195 DEWDNEY TRUNK ROAD Maple Ridge, BC V2X 3H7
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$6,400,000
Est. payment /mo
6,229 SqFt
UPDATED:
09/17/2024 07:33 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,229 sqft
Price per Sqft $1,027
Subdivision West Central
MLS Listing ID C8057547
Year Built 1974
Annual Tax Amount $32,767
Tax Year 2022
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
Location
Province BC
Community West Central
Area Maple Ridge
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Exterior
Roof Type Asphalt Shingles
Building
Dwelling Type Land Commercial,Multi-Family Commercial
Story 1
Water Municipal
Structure Type Wood Frame
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Listed by RE/MAX LIFESTYLES REALTY
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