About This Property
READY-TO-BUILD SIX-PLEX - This permit-ready six-plex development represents a rare turnkey opportunity for builders, developers, and investors. Designed by Billard Architecture, the project occupies a 16,085 sq. ft. rectangular lot located at the entry to the Hammond neighbourhood, just off Lougheed Highway. All municipal permits have been secured, allowing construction to commence without delay or entitlement uncertainty. The approved plans include two separate residential buildings connected by a shared courtyard featuring a community kitchen. The site layout also provides 12 rear parking stalls (two per unit), thoughtfully positioned to maximize privacy and site efficiency. (id:64973)
At $1,599,000, this property in Maple Ridge is priced at $1,488 per square foot, which is on the higher end for the area. However, the approved six-plex development plans and permit-ready status make this a compelling opportunity for builders and developers seeking a turnkey project to maximize the land's potential. This property is best suited for experienced real estate investors or builders looking to capitalize on the strong rental demand in Maple Ridge, given the approved six-unit layout and its strategic location near Lougheed Highway.
Property Details
Location
Interested in buying in Maple Ridge?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
Maple Ridge Realtor · Best Realtor in White Rock · Top South Surrey Agent
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.