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Mixed-Use

22344 Selkirk Avenue

22344 Selkirk Ave, Maple Ridge, BC V2X 2X5

Listing Price: $2,650,000

Cap Rate
3.74%
Number of Units
9
Occupancy
100.0%
Price/Unit
$294,444
Price/Gross SF
$445.38
Gross SF
5,950

Investment Overview

The Vendor has exclusively retained Marcus & Millichap REIS Canada Inc. to facilitate the sale of 22344 Selkirk Avenue, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is a mixed-use asset in
the rapidly evolving and densifying Town Centre area of Maple Ridge. Boasting six residential suites above and three retail units on the ground floor, the Subject Property provides prospective purchasers
with an opportunity to turn over the in-place, below market rents for significant upside while Maple Ridge Town Centre continues to see its surge of growth and densification.

Investment Highlights

  • Six residential suites and three retail units provide scale commonly unseen in this price range
  • Current below-market rents for both the residential and retail units provide opportunity for significant income upside
  • 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

22344 Selkirk Avenue

Listing Price: $2,650,000

Cap Rate
3.74%
Number of Units
9
Occupancy
100.0%
Price/Unit
$294,444
Price/Gross SF
$445.38
Gross SF
5,950

Investment Highlights

  • Six residential suites and three retail units provide scale commonly unseen in this price range
  • Current below-market rents for both the residential and retail units provide opportunity for significant income upside
  • 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 22344 Selkirk Avenue, Maple Ridge, B.C. (the "Subject Property"). The Subject Property is a mixed-use asset in the rapidly evolving and densifying Town Centre area of Maple Ridge. Boasting six residential suites above and three retail units on the ground floor, the Subject Property provides prospective purchasers with an opportunity to turn over the in-place, below market rents for significant upside while Maple Ridge Town Centre continues to see its surge of growth and densification.

Exclusively Listed By

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