12848 240 STREET

Maple Ridge · MLS® R3125884

2 sq ft lot

Land · Vacant Land · 141 days on market

Listed by Ron Antalek, RE/MAX LIFESTYLES REALTY

Realtor's description

EXCEPTIONAL 11 LOT SUBDIVISION OPPORTUNITY. Transform this 1.76-acre Silver Valley property into 11 brand new residential lots. This is a rare, shovel ready development opportunity in Maple Ridge's growth corridor, offering exceptional potential for builders and investors seeking immediate R-2 zoned land. With urban infrastructure already in place and parkland adjacency creating a desirable private setting, this property is positioned for success. The surrounding diverse uses further support residential growth and long term market strength. Whether you are an experienced developer or investor pursuing your next major project, this turnkey subdivision provides genuine entry into Maple Ridge's strong residential market.

Property details

Type: Land, Vacant Land
Lot: 2 sq ft
Parking: 0
Property tax: $14,576 / yr
Days on market: 141
MLS®: R3125884

Features

Central location
Private setting

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: 136 days; median for 100 homes for sale; this one 141 days

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

Monthly cost

$24,302/mo

Mortgage $23,087 · Tax $1,215

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

estimated payment

$23,087/ monthly

loan $4,239,200

25-year amortization

down payment20% · $1,059,80020%+ 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: $2,686,970
property transfer tax: $182,950; BC general rate
cash to close: $1,242,750; down + PTT
total paid: $6,926,170

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.