$4,890,000

11867 222 STREET

Maple Ridge · MLS® C8078916

18,208 sq ft lot

House · Multi-family · built 1964 · 141 days on market

Listed by James Zhang, Investave Properties Ltd.

Realtor's description

Rare multifamily redevelopment opportunity in the heart of Maple Ridge Town Centre. Situated on a large 18,203 sqft corner lot with approximately 167 ft of frontage and rear lane access, 11867 222 Street offers exceptional long-term redevelopment potential within the Town Centre Flexible Mixed-Use OCP designation. The existing 21-unit apartment building provides stable holding income. The site's corner configuration, strong frontage, existing multifamily use, and rear lane access create an increasingly rare and highly functional redevelopment opportunity for multifamily or mixed-use developers. Centrally located close to transit, shopping, schools, parks, and Downtown Maple Ridge amenities. A unique opportunity to acquire a strategic income-producing redevelopment asset within one of Metro Vancouver's evolving urban growth corridors.

Property details

Type: House, Multi-family
Lot: 18,208 sq ft
Parking: 0
Year built: 1964
Property tax: $31,515 / yr
Days on market: 141
MLS®: C8078916

Price check

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 141 days

The market here

Listed now: 63 days; median for 486 houses for sale; this one 141 days

Houses in Maple Ridge. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$23,932/mo

Mortgage $21,305 · Tax $2,626

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$21,305/ monthly

loan $3,912,000

25-year amortization

down payment20% · $978,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,479,578
property transfer tax: $162,500; BC general rate
cash to close: $1,140,500; down + PTT
total paid: $6,391,578

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.