(604) 866-5585
Listing data is current as of
- Status:
- Active
- Prop. Type:
- Land Commercial
- MLS® Num:
- C8079358
- Build. Type:
- Freestanding
- Photos (20)
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Premier 1.03-Acre (44,941 SF) strategic commercial land assembly in the heart of Downtown Maple Ridge. Rare "inflation-proof" asset combining massive transit-oriented redevelopment upside with immediate, high-yielding holding income. Includes 22380 & 22390 119 Ave. INVESTMENT HIGHLIGHTS: Immediate Cash Flow: 31,130 SF rentable area anchored by essential services (Daycare, Fitness, Retail). Generates $385,402/yr, securing a rare ~3.9% holding Cap Rate. Rent Upside: Substantial value-add potential to reposition below-market leases to $600,000+ annually. Unlocked TOA Density: Designated under new Provincial Transit-Oriented Area (Tier 1) guidelines. OCP supports min 4.0 FAR and 12 storeys, allowing for ~180,000 SF of mixed-use buildable area (approx. 175-210 residential units).
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Land Commercial
- Building Type:
- Freestanding
- Year built:
- 1961 (Age: 65)
- Living Area:
- 37,623 sq. ft.
- Lot Area:
- 1.03 acre(s)
- Acres Freehold:
- 1.03 acre(s)
- Zoning:
- Signup
- Potential to Redevelop:
- yes, No
- Fencing:
- Signup
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Heating:
- Signup
- Electricity:
- Yes
- Services Connected:
- Cable at Lot Line, Electricity Connected, Fully Serviced, Street Lighting, City Water at Lot Line
- Sewer:
- Public Sewer
- Parcel Number:
- 000865168
- Taxes:
- $121,703.6 / 2025
- No
- Water Supply:
- Public, City Water at Lot Line
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- yes, No
- Env Assmt Phase:
- No
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Commercial building with a prominent storefront, multiple large windows, and a paved parking area -
Commercial building featuring a light blue facade, large storefront windows, and an expansive asphalt parking lot
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Commercial building fronting a street corner, featuring multiple storefronts with large display windows
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Expansive commercial space featuring a concrete floor, high black ceiling with exposed ductwork, and fluorescent strip lighting
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Spacious commercial interior featuring a concrete floor, dark painted ceiling with exposed ductwork, and abundant linear fluorescent lighting
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Expansive open-concept commercial space featuring concrete flooring and a high, exposed ceiling
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Expansive open commercial space featuring a high black ceiling with exposed ductwork, multiple support columns, concrete flooring, and linear fluorescent lighting
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Expansive open-concept interior featuring a concrete floor, exposed ceiling with linear light fixtures, and white walls with multiple door frames
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Industrial workspace featuring exposed block walls, concrete flooring, overhead lighting, and an industrial exhaust hood
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Commercial facade featuring expansive storefront windows, a distinct canopy overhang, and a flat roofline
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Commercial retail storefronts featuring expansive glass windows, covered walkways, and on-site parking
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Commercial building featuring a flat roofline and large storefront windows
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Street-level commercial building featuring a continuous storefront facade, multiple large display windows, and a prominent dark brown awning
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Paved roadways and crosswalks with an adjacent landscaped median featuring manicured hedges
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Paved parking area featuring striped parking spaces, a perimeter fence, and adjacent low-rise structures
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Paved parking area featuring reserved spaces, bordered by a dark fence with integrated planters
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Commercial storefront with large display windows, visible signage opportunities, and ample on-site parking
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Commercial storefront featuring multiple retail spaces and expansive glass window frontage
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Commercial storefront featuring expansive glass panels, a flat roofline, and a paved parking area
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Aerial Property Map. Displaying the property's geographic location and surrounding infrastructure
Listed by Royal Regal Realty Ltd.
Data was last updated June 13, 2026 at 11:40 PM (UTC)
- Rod Friesen & Associates
- Century 21 Creekside Realty LTD
- 604-866-5585
- Contact by Email
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