WASIM MOHAMMED

REAL ESTATE

Properties

Maple Ridge For Lease

22195 DEWDNEY TRUNK ROAD, Maple Ridge, British Columbia

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Description

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

Property Details
Property Type : Business
Listing Type : For Lease
MLS ID : C8057547
Price : C$6,400,000
Status : Active
Year Built : 0
Square Footage : 6,229 Sqft
Lot Area : 20,282 Sqft
Area : Maple Ridge
Sub-Area : West Central
City : Maple Ridge
Province : British Columbia
Postal Code : V2X 3H7
Region : Greater Vancouver
Additional Information
Major Business Type : Other/See Remarks
Minor Business Type : Other/See Remarks
Zoning : C-3
Listing Office : RE/MAX LIFESTYLES REALTY
Source : Vancouver
Total Lease Area : 0
Business For Lease
  • MLS ID : C8057547
  • Square Footage : 6,229 Sqft
C$6,400,000
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