1 / 20$13,500,000
22380 22390 119 AVENUE, Maple Ridge BC V2X 6B1
Building Size
37,623 sqft
Lot Size
44,866.8 sqft (1.03 ac)
Zoning
C3 TOWN CENTRE
Year Built
1961
Description
Premier 1.03-Acre (44,941 SF) strategic commercial land assembly in the heart of Downtown Maple Ridge. Rare "inflation-proof" asset combining massive transit-oriented redevelopment upside with immediate, high-yielding holding income. Includes 22380 & 22390 119 Ave. INVESTMENT HIGHLIGHTS: Immediate Cash Flow: 31,130 SF rentable area anchored by essential services (Daycare, Fitness, Retail). Generates $385,402/yr, securing a rare ~3.9% holding Cap Rate. Rent Upside: Substantial value-add potential to reposition below-market leases to $600,000+ annually. Unlocked TOA Density: Designated under new Provincial Transit-Oriented Area (Tier 1) guidelines. OCP supports min 4.0 FAR and 12 storeys, allowing for ~180,000 SF of mixed-use buildable area (approx. 175-210 residential units).
Location
22380 22390 119 AVENUE, Maple Ridge BC V2X 6B1
Inquire About This Listing
Similar Listings
MLS® data provided by the Fraser Valley Real Estate Board and Greater Vancouver REALTORS®. Not intended to solicit properties already listed.