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Mixed-Use

22528 Lougheed Highway, Maple Ridge

22528 Lougheed Hwy., Maple Ridge, BC V2X 2V1

Listing Price: $3,000,000

Cap Rate
4.25%
Number of Units
3
Price/Unit
$1,000,000
Price/Gross SF
$428.57
Gross SF
7,000

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22528 Lougheed Highway, Maple Ridge, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for owner-users or value-add investors looking to acquire a well-situated asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Vacant possession is to be provided for both the 4,500 SF ground floor retail space (currently utilized as a restaurant) and the second floor 2 x two bedroom suites, allowing prospective purchasers the flexibility to utilize either of the spaces for their own use or lease up.

Investment Highlights

  • Vacant possession of both the ground-floor retail and second floor residential units
  • Favourable mixed-use offering - retail at grade with residential above
  • Designated as Town Centre Commercial under the OCP, the Subject Property possesses significant development potential with building heights under this designation varying from 3 to 25 storeys

Exclusively Listed By

Mixed-Use

22528 Lougheed Highway, Maple Ridge

Listing Price: $3,000,000

Cap Rate
4.25%
Number of Units
3
Price/Unit
$1,000,000
Price/Gross SF
$428.57
Gross SF
7,000

Investment Highlights

  • Vacant possession of both the ground-floor retail and second floor residential units
  • Favourable mixed-use offering - retail at grade with residential above
  • Designated as Town Centre Commercial under the OCP, the Subject Property possesses significant development potential with building heights under this designation varying from 3 to 25 storeys

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22528 Lougheed Highway, Maple Ridge, B.C. (the "Subject Property"). The Subject Property presents a rare opportunity for owner-users or value-add investors looking to acquire a well-situated asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Vacant possession is to be provided for both the 4,500 SF ground floor retail space (currently utilized as a restaurant) and the second floor 2 x two bedroom suites, allowing prospective purchasers the flexibility to utilize either of the spaces for their own use or lease up.

Exclusively Listed By

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