Prime RS-1 investment opportunity on an 8,976 sq. ft. lot offering strong holding value and exceptional redevelopment potential. This 6-bedroom rancher with basement suite features approximately 2,280 sq. ft. of living space, two kitchens, and a fireplace, making it ideal for rental income, multi-tenant use, or extended family living. Major upgrades completed in 2020 include a new roof, air conditioning, and tankless hot water system, reducing near-term capital expenses. The RS-1 zoning presents potential for up to 6 homes (buyer to verify with the city), positioning this property as an excellent long-term development or land-hold investment. Located within walking distance to Walmart, shops, restaurants, and the West Coast Express, this home offers strong tenant demand. Close to elementary, secondary, college, and French immersion schools, enhancing long-term rental appeal. Income today. Development tomorrow. A rare opportunity combining location, zoning, and future upside. (id:58426)
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| MLS® Number | R3075295 |
| Property Type | Single Family |
| AmenitiesNearBy | Recreation, Shopping |
| Features | Central Location |
| ParkingSpaceTotal | 7 |
| StorageType | Storage Shed |
| BathroomTotal | 2 |
| BedroomsTotal | 6 |
| Amenities | Laundry - In Suite |
| Appliances | All |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Unknown |
| BasementType | Unknown (finished) |
| ConstructedDate | 1957 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Air Conditioned |
| FireProtection | Smoke Detectors |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| Fixture | Drapes/window Coverings |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 2280 Sqft |
| Type | House |
| Acreage | No |
| LandAmenities | Recreation, Shopping |
| SizeIrregular | 8976 |
| SizeTotal | 8976 Sqft |
| SizeTotalText | 8976 Sqft |
https://www.realtor.ca/real-estate/29210713/22023-lougheed-highway-maple-ridge
Contact us for more information
Nida Balatbat
Personal Real Estate Corporation
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