Commercial Land for sale
11810 207 Street, Southwest Maple Ridge, Southwest Maple Ridge, Maple Ridge
$1,280,000
$1,280,000
Commercial Land for sale
11810 207 Street, Southwest Maple Ridge, Southwest Maple Ridge, Maple Ridge
Features
Year Built
1946
Lot Size
5,334 sqft
Gross Property Tax
$5,334.30 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Commercial Mix
Zoning
RS-1
Subject Property Width
54 ft
Subject Property Depth
110 ft
Permitted Land Use
Multifamily (5+)
Water Supply
Municipal
Sewer/Septic
Municipal/Community
Description
Two connected properties (11810 & 11820 207 Street) offering excellent investment and redevelopment potential in a central location next to a shopping centre. Both homes are tenanted with strong, stable rental income, providing immediate cash flow while holding for future development. The site meets the minimum land assembly requirement (13,000 sf) and offers potential redevelopment opportunity from townhomes, low-density to medium-density multifamily redevelopment, subject to rezoning and municipal approvals (max potential FAR = 2.5). A rare opportunity for investors, developers, or land bankers.
MLS® Number C8074810