22195 Dewdney Trunk Road, Maple Ridge
- Living area: 6229 square feet
- Type: Lots and Land
- Added: 286 days ago
- Updated: 186 days ago
- Last Checked: 19 hours ago
Presenting an exceptional opportunity for investors and developers, this property offers over 27,700 square feet of prime re-development land. The highest & best use envisions a one-level commercial/retail space accompanied by the potential for 5 levels of wood-frame residential apartments, all topped off with convenient underground parking. Currently operating as a medical building, the property yields an impressive $200,000 Net Operating Income (NOI) annually, with a modest 40% lot coverage. Positioned at the high-visibility corner of 222nd & Dewdney Trunk Road, this location experiences substantial foot & vehicle traffic, enhancing its commercial viability. The property is currently tenanted with solid leases, each extending for five years, contributing to a reliable and diverse tenant mix. Whether considered as a robust revenue-holding asset or a prime candidate for immediate redevelopment, this offering promises an exciting venture in a thriving and strategic locale. Must be purchased with R2849049 (id:1945)
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Nearby Listings Stat
Active listings
331
Min Price
$49,000
Max Price
$19,750,000
Avg Price
$1,434,555
Days on Market
85 days
Sold listings
85
Min Sold Price
$325,000
Max Sold Price
$3,000,000
Avg Sold Price
$934,293
Days until Sold
89 days
