About This Property
A outstanding development opportunity located in the heart of Maple Ridge. The rezoning application is well advanced. Council has granted 3rd Reading, and the Seller is actively working to meet the final conditions required before 4th and Final Reading. The proposed rezoning from RS-3 to RM-1 will allow for 18 spacious townhouse units, offering floor plans that are in high demand across one of the region's best performing housing types. Architectural plans are available upon request. This is a rare, low risk opportunity in a growing and vibrant community. Serious buyers are encouraged to act quickly. (id:64973)
The $1,683 per square foot price tag for this 2,526 square foot vacant lot in Maple Ridge is on the higher end for the area, but the advanced state of the rezoning application and the potential for 18 spacious townhouse units make it an attractive proposition for savvy real estate developers seeking to capitalize on the robust demand for this housing type in the region. Given the RM-1 zoning and the ability to construct 18 townhouse units, this property is well-suited for experienced real estate developers and investment groups looking to add to their portfolio of multi-family properties in one of the fastest-growing communities in the Lower Mainland.
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