11225 240 St - Apartments FOR SALE


Maple Ridge, BC V2W 0J7
$13,500,000 CAD
604-694-7200
11225 240 St, Maple Ridge, BC for Sale
$13,500,000 CAD
Apartments - FOR SALE
1/39
null | Request Cap Rate

11225 240 St
Maple Ridge, BC V2W 0J7


HIGHLIGHTS

  • Prominently positioned at the corner of 240 Street, Kanaka Way, and 112 Avenue.
  • Exceptional accessibility with two points of access and egress, close proximity to schools, daycare centres, transit, essential amenities, and more.
  • Tenants benefit from a fully leased, elevator-serviced, and fully sprinklered building complemented by 57 surface parking stalls.
  • Situated adjacent to several new residential developments, this investment presents an outstanding opportunity to capitalize on growing demand.

OVERVIEW

Maple Heights Village is a fully leased, two-storey mixed-use property totaling 26,812 SF, recently constructed by Double V Construction, a reputable builder with over 47 years of industry experience. The main floor spans 11,772 SF and features durable concrete construction, while the 15,040 SF second floor is wood-frame built and serviced by a central elevator for convenient access. The retail level is 100% leased to a strong tenant mix, including a nail salon, liquor store, and dental clinic, offering stable cash flow and long-term investment potential.

FOR SALE DETAILS

PRICE

$13,500,000 CAD

PRICE/SF

$504 CAD /SF

# OF UNITS

16

PRICE/UNIT

$843,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C-1

APN/PARCEL ID

029-069-131

ASK ABOUT THIS PROPERTY

Mike GrewalColliersMore Info
604-694-7200

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Mike GrewalColliersMore Info
604-694-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.