About this Land Commercial in West Central
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: Substan…tial 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).
Listed by Royal Regal Realty Ltd..
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).
Listed by Royal Regal Realty Ltd..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- Type: Land Commercial
More About West Central, Maple Ridge
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Postal Code: V2X 6B1
