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22195 DEWDNEY TRUNK ROAD
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22195 DEWDNEY TRUNK ROAD $6,400,000
$6,400,000
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22195 DEWDNEY TRUNK ROAD
Maple Ridge, British Columbia V2X3H7

MLS® Number: C8057547

Listing Description

Presenting an exceptional opportunity for investors and developers, this property offers over 27,700 square feet of prime re-development land. The highest & best use envisions a one-level commercial/retail space accompanied by the potential for 5 levels of wood-frame residential apartments, all topped off with convenient underground parking. Currently operating as a medical building, the property yields an impressive $200,000 Net Operating Income (NOI) annually, with a modest 40% lot coverage. Positioned at the high-visibility corner of 222nd & Dewdney Trunk Road, this location experiences substantial foot & vehicle traffic, enhancing its commercial viability. The property is currently tenanted with solid leases, each extending for five years, contributing to a reliable and diverse tenant mix. Whether considered as a robust revenue-holding asset or a prime candidate for immediate redevelopment, this offering promises an exciting venture in a thriving and strategic locale. Must be purchased with R2849049 (34564261)

Property Summary

Property Type
Vacant Land
Land Size
20282 sqft
Built in
1974
Annual Property Taxes
$32,767.68
Time on REALTOR.ca
314 days

Building

Utilities
Utility Type
Water (At Lot Line)
Business
Business Type
Other (Other)

Measurements

Square Footage
6229 sqft

Land

Other Property Information
Zoning Description
C-3
Data provided by: Greater Vancouver REALTORS® 2433 Spruce Street, Vancouver, British Columbia V6H 4C8

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