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20963 Lougheed Highway
Southwest Maple Ridge Maple Ridge V2Z 1Y1

$11,800,000
Land Commercial

View of property
Photo 1: 20963 Lougheed Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8073972
Photo 2: 20963 Lougheed Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8073972
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8073972
This project is suitable for market rental and townhome development. British Columbia has a shortage of housing. By 2030, there will be 610,000 units above the usual rate of housing construction, in order to bring housing affordability back. The project is ideally situated on Lougheed Hwy, 2 acres in size, and in close proximity to the Ridge Meadows Hospital. Upon a successful rezoning, this project may add approx. 102 units to Maple Ridge. The City of Maple Ridge is in need for more attached type midrise projects. Only 8.6% of homes in Maple Ridge are in 5 storey residential buildings. The project is only 1 km from the Ridge Meadows Hospital, and 1.8 km from the Golden Ears Bridge connecting to Hwy 1. It offers a convenient and a relatively affordable housing location for people working in the area, and a good housing option for those relying on Hwy 1 for work.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial
Construction:
Frame Wood
Living Area:
0 sq. ft.
Lot Area:
0 sq. ft.
Zoning:
Potential to Redevelop:
The property is designated as "Lougheed Apartment" zoning., No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced, Sidewalk
Sewer:
Public Sewer
Parcel Number:
000595004
No
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
The property is designated as "Lougheed Apartment" zoning., No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 20963 Lougheed Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8073972
    View of property
  • Photo 2: 20963 Lougheed Highway in Maple Ridge: Southwest Maple Ridge Land Commercial for sale : MLS®# C8073972
    Map / location
Listed by CBRE Limited
Data was last updated November 21, 2025 at 04:10 AM (UTC)
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