22182 Dewdney Trunk Rd, Maple Ridge | Villa Marie
For Sale

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Suite Mix
18 One bedroom
10 Two Bedroom
2 Bachelor
Total Units
30
Current Cap Rate
4.08%
Asking Price
$6,100,000
Price per Unit
$203,333
GRM
16.95%

Multi-family Apartment Investment Opportunity

Villa Marie is a 30-unit multi-family building located on a prime corner lot in the Central Business District of Maple Ridge.

Falling under the Town Centre Area Plan this parcel is zoned RM-3 allowing future redevelopment for high-density apartments with a current 2.2 FSR (excluding balconies, common areas and utility rooms). A minimum height of 5 storeys required and an estimated maximum of approx. 10 – 12 storeys could be achieved.

Meanwhile this is an opportunity to acquire a turnkey well maintained and more importantly well-located cash-generating building.

 

+ Well maintained units (many upgraded)
+ Good potential for growth
+ Located on a major thoroughfare
+ Major development underway in close proximity
+ Below market rents
+ Wheelchair accessible units
+ Laundry and storage on each floor
+ All suites have balconies
+ Potential to increase density
+ 30 parking spaces off-road (15 covered)
+ Easy access to all amenities including West Coast Express (15-minute walk)

 

 

Prime Location | Maple Ridge

This part of Maple Ridge is forecasting rapid growth and various large multi-family developments in the surrounding blocks have been announced recently. With this new focus on redevelopment, there is a rationale for density to increase. Villa Marie is a 15 minutes walk of the West Coast Express, thus giving very easy access to Vancouver’s Downtown core.

 

Contact
Mike Guinan-Browne
MGuinanBrowne@londonpacific.ca
604.420.2600 ext 215

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