23315 122 Avenue

General property description

Exciting and rare development opportunity in Central Maple Ridge! This 4.057-acre property is zoned RS-1b and does not require rezoning, offering a streamlined path to development. Preliminary studies suggest potential for a 20-lot subdivision under current zoning. Each lot may support up to 4 units under new provincial Small-Scale Multi-Unit Housing (SSMUH) legislation, allowing for a possible total of 80 units (buyer to confirm with City). Additionally, the Urban Residential land use designation permits RM-1 zoning, limited to two-family and triplex forms, providing added flexibility. Located close to schools, parks, and urban amenities. A prime opportunity for builders and investors—verify all details with the City of Maple Ridge.

Mortgage estimate

Tax from listing

Est. monthly total

$55,765

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$55,502

Property tax

$113

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $2,399,800 down (20%) on $11,999,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.