11363 240 Street

General property description

2.47 acres of development potential land and was previously the subject of a rezoning application with the City of Maple Ridge (Application No. 2018-404-RZ) to rezone from RS-3 to RM-1 (Townhouse Residential). An unapproved concept layout was prepared for 14 townhouse units and 4 single-family lots. The listing consists of two separate legal parcels totaling 2.47 acres (approximately 1.97 acres and 0.50 acres). The eastern portion of the property shows potential for townhouse development, while the western portion is suitable for single-family residential use. Court approval is required for the sale.

Mortgage estimate

Tax from listing

Est. monthly total

$14,872

/mo

Rate

%

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Amortization

25 yr30 yr

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Principal and interest

$13,414

Property tax

$1,308

P&I

Tax

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $580,000 down (20%) on $2,900,000, 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.