20920 CAMWOOD AVENUE, Maple Ridge
$2,925,000
This 22,704 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.
DEVELOPMENT OPPORTUNITY IN THE LOUGHEED CORRIDOR! This prime development property offers approximately 22,704 sq. ft. of land in a strategic location along the Lougheed Corridor. POTENTIAL FOR RUR URBAN INFILL RESIDENTIAL. The property offers a range of potential redevelopment options including duplex, triplex, fourplex, courtyard and townhouse development, with opportunities for up to 6 units per 4,844 sq. ft. lot, depending on the development form, site layout and applicable city requirements. The existing home is livable and in great shape, providing the opportunity for rental income while you plan and work through your future development. Potential 7 RUR lots with neighbouring property 20932 Camwood Avenue.
How this price compares
This lot asks $129 per square foot of lot. That is 26% above the median of $102 across the 164 active lots VanPlex is showing in Maple Ridge, and puts it 126 of 164 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
- $2,925,000
- Lot size
- 22,704 sqft
- Lot dimensions
- 0 x
- Frontage
- 0 ft
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- 1949
- MLS® area
- Southwest Maple Ridge
- MLS® number
- R3171431
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Listing data via MLS®. Displayed for information only.