Multi-family for sale
11225 240 Street, Cottonwood MR, Maple Ridge
$13,500,000
Features
Floor Area
26,812 sqft
Lot Size
51,490 sqft
Gross Property Tax
$95,936.07 /year
Building Type
Mixed Use
Building / Complex Name
Maple Heights Village
# of Elevators
1
Zoning
C-1
Suite Mix Information
14 x 1 ½, 2 x 2 ½
Description
Maple Heights Village is a fully leased, 26,812 SF mixed-use property located in the rapidly growing Kanaka neighbourhood of Maple Ridge. Built by the reputable Double V Construction, the two-storey building includes three concrete retail units at grade and 16 wood-frame residential rental units with covered balconies above, all serviced by a central elevator. Surrounded by new development from established Lower Mainland builders, the property offers strong in-place income with upside through rent growth and tenant turnover—an excellent opportunity to invest in one of B.C.’s fastest-growing communities.
MLS® Number C8071229