$6,250,000

#10869, 10911 248 Street, Maple Ridge V2W1G7

Detached

Listed by: RE/MAX Real Estate Services.

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Description

An exceptional opportunity to acquire two contiguous, side-by-side parcels totalling approximately 6.76 acres of RS-3 zoned land in Maple Ridge´s desirable Albion neighbourhood. Each property features a single-family residence, providing potential holding income while buyers pursue future redevelopment and rezoning opportunities. The properties are designated for Townhouse use under the Official Community Plan (OCP), creating compelling long-term redevelopment potential. With significant land area, a growing residential community, and OCP support for townhouse use, this offering presents an attractive opportunity for developers and investors. Primary value is in the land and its future potential. Purchasers are advised to conduct their own due diligence with the City of Maple Ridge. (id:66934)

Location

Approximate location supplied by the listing data provider.

Features

Annual Taxes: $54,569

Lot Size: 6.76

Property Details

Property Type	Detached
Sub Type	Vacant Land
Lot Size	7 sq ft
Listing ID	R3164351

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#10869, 10911 248 Street, Maple Ridge
MLS® R3164351 · $6,250,000

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Defaults use the Bank of Canada's monthly average rates actually charged on new mortgage lending, including renewals and refinancing. Below 20% down uses the insured average; otherwise uninsured. Terms use the published 1–under 3, 3–under 5, or 5-years-and-over range, not an exact-term quote. These are volume-weighted chartered-bank averages published with a lag, not today's offers or a rate guarantee. New observations are checked automatically. Your available rate may differ.

Monthly payments use Canadian fixed-rate, semi-annual compounding. The term is the contract length; amortization is the repayment period. Renewal rates may change.

Assumes an owner-occupied Canadian home with one or two units, a traditional down payment and lender approval. Below 20% down, the estimate finances the standard CMHC premium, plus 0.20 percentage points for eligible 30-year amortization. Lender requirements may differ. Not for commercial, land-only or construction financing. Excludes property taxes, strata fees, utilities, home insurance and closing costs.

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