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11225 240 St 16 Unit Apartment Building $9,671,041 USD ($604,440 USD/Unit) Maple Ridge, BC V2W 0J7
INVESTMENT HIGHLIGHTS
- Prominently positioned at the corner of 240 Street, Kanaka Way, and 112 Avenue.
- Tenants benefit from a fully leased, elevator-serviced, and fully sprinklered building complemented by 57 surface parking stalls.
- Exceptional accessibility with two points of access and egress, close proximity to schools, daycare centres, transit, essential amenities, and more.
- Situated adjacent to several new residential developments, this investment presents an outstanding opportunity to capitalize on growing demand.
EXECUTIVE SUMMARY
Maple Heights Village is a fully leased, two-storey mixed-use property totaling 26,812 SF, recently constructed by Double V Construction, a reputable builder with over 47 years of industry experience. The main floor spans 11,772 SF and features durable concrete construction, while the 15,040 SF second floor is wood-frame built and serviced by a central elevator for convenient access. The retail level is 100% leased to a strong tenant mix, including a nail salon, liquor store, and dental clinic, offering stable cash flow and long-term investment potential.
PROPERTY FACTS
| Price | $9,671,041 USD | Building Class | B |
| Price Per Unit | $604,440 USD | Lot Size | 1.18 AC |
| Sale Type | Investment | Building Size | 26,812 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-1 | ||
| Price | $9,671,041 USD |
| Price Per Unit | $604,440 USD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.18 AC |
| Building Size | 26,812 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | C-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
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11225 240 St
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