11682 224 St - Apartments FOR SALE


Maple Ridge, BC V2X 6A3
$5,000,000 CAD
11682 224 St, Maple Ridge, BC for Sale
$5,000,000 CAD
Apartments - FOR SALE
1/9
null | Request Cap Rate

11682 224 St
Maple Ridge, BC V2X 6A3


HIGHLIGHTS

  • Located within an established commercial corridor in Maple Ridge.
  • Convenient access to Lougheed Highway and regional transportation routes.
  • Positioned within a growing Fraser Valley market serving a large residential base.
  • Surrounded by retail, service, and community amenities that support daily business activity.
  • Accessible location providing connectivity throughout Metro Vancouver and the Fraser Valley.

OVERVIEW

London Pacific is pleased to present Mariner's Watch, a rare opportunity to acquire a 21-unit purpose-built apartment building in the heart of Maple Ridge'srapidly growing Town Centre. Situated on an 8,799 sqft TCAPT-designated site, the Property offers investors stable in-place cash flow with significant long-term upside through rental optimization and future redevelopment potential. The suite mix consists of sixteen 1-bedroom and five 2-bedroom units, providing diversified and dependable income. Ideally located within walking distance of shopping, restaurants, parks, Haney Place Mall, Port Haney West Coast Express Station, and Haney Place Transit Exchange, the Property benefits from exceptional connectivity and everyday conveniences. Mariner's Watch represents an opportunity to acquire a pride-of-ownership asset in one of Metro Vancouver's emerging multifamily investment markets.

FOR SALE DETAILS

PRICE

$5,000,000 CAD

PRICE/SF

$338 CAD /SF

# OF UNITS

21

PRICE/UNIT

$238,095

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariner's Watch

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,799 SF

ZONING

RM-2

APN/PARCEL ID

000-991-210

ASK ABOUT THIS PROPERTY

Daniel LinkLondon Pacific Property Agents Inc.More Info

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Daniel LinkLondon Pacific Property Agents Inc.More Info

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