10921 249 STREET, Maple Ridge
$3,780,000
This 87,120 sqft property in Maple Ridge is a detached single-family home on a lot the new rules make suitable for a multiplex. Maple Ridge applies the provincial small-scale housing rules, so most single-family lots allow three to four homes, and up to six near frequent transit. The large lot sizes make the higher counts easier to lay out.
Townhouse development opportunity with a conceptual plan illustrating 46 units. Priced to sell with strong underlying land value, this two-acre square parcel is located in the Albion neighbourhood of Maple Ridge and is designated for townhome development with no creeks on site. The property is situated adjacent to a future school and park and is just steps from the Epic Homes master planned community. A drive by the site clearly demonstrates the significant new development activity occurring throughout the surrounding neighbourhood.
How this price compares
This lot asks $43 per square foot of lot. That is 58% below the median of $103 across the 169 active lots VanPlex is showing in Maple Ridge, and puts it 53 of 169 from cheapest to most expensive. Asking prices only, taken from the current MLS® feed.
Land price per square foot is only one input. Frontage, lane access, slope, and how many homes the zoning actually allows decide what a lot is worth to a builder.
Lot and property details
- Price
- $3,780,000
- Lot size
- 87,120 sqft
- Lot dimensions
- 292 x 298.00
- Frontage
- 292 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1967
- MLS® area
- Thornhill MR
- MLS® number
- R3119411
Want the PlexScore and return on equity for this lot? Try PlexPro free for 14 days. Cancel before day 14 and you pay nothing.
Listing data via MLS®. Displayed for information only.