For Sale
$7,900,000

2.16 Acre Build-Ready Townhome Site

12018 237 Street
MAPLE RIDGE

2.16 ACRES | Residential Development Land

The Opportunity

2.16 Acre Build-Ready Townhome Site

This offering presents an opportunity to secure a ready-to-build, infill, townhome development site in a proven neighbourhood of Maple Ridge. With approvals in place for 41 townhomes and building permits being prepared for submission, rezone risk is eliminated and construction can begin almost immediately.

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Summary

Property
Attributes

Land Size

2.16 acres

Price

Sale Price

$7,900,000

Location

12018 237 Street
MAPLE RIDGE

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Property
Features

The development application for 41 townhomes has been fully approved and the applicant is preparing to submit building permits. The 41 townhomes, thoughtfully designed by Focus Architecture, are 100% side-by-side garages with a unit size ranging from 1,356 to 1,490 square feet. These small, side-by-side units consistently outperform other townhome unit types offering higher utility for low quantum purchase prices. The result is premium selling prices per square foot and faster absorption.

About The
Location

The subject site is located on the east side of the Haney Urban Area, just outside the congestion of Town Centre, and within walking distance to a neighbourhood commercial node that contains a myriad of amenities, including grocery, pharmacy, a coffee shop, liquor store, and more. Lougheed Highway is only a 5 minute drive away, providing access to surrounding municipalities and major routes.