Prime building opportunity in the heart of East Maple Ridge. This 15,600 sq ft lot (104 frontage x 150 ft depth) offers exceptional potential for builders and investors. Zoned RS-3 and designated ground oriented residential (GOR) in the official Community Plan, the property allows for up to 4 units, making it well suited for a multiplex, duplex with suites, or other small scale multi-unit development (buyer to verify with City of Maple Ridge) Partial lane access adds further flexibility for site planning and parking configuration. Located along 240 Street, this property benefits from convenient access to major commuter routes including Dewdney Trunk Road and Lougheed Highway. Everyday amenities are minutes away, with shopping and services at Valley Fair Mall and downtown Maple Ridge.
General Info
Price
$1,170,000
Total Bedrooms
3
Total Bathrooms
2
Half Bathrooms
0
Floor Area Total (sqft)
1454
Lot Size
15600
Lot Size Depth
Feet
Lot Size Frontage
104
Basement
None
Basement Features
-
Property Metrics
Year Built
1940
Age Of Building
86
Building Type
Single Family Residence
Property Type
Residential
Architecture Style
Rancher/Bungalow
Stories
1
Building Features
-
Structures
Residential Detached
Additional Details
MLS® #
R3095791
Building Name
-
Area
Maple Ridge
Neighbourhood
Cottonwood MR
City
Maple Ridge
Postal Code
V2W 0B4
Price per Sqft
$805
Gross Taxes
$6,150.8
Ownership Type
Freehold NonStrata
Maintenance Fee
-
Community Features
Shopping Nearby
Fixtures Included
-
Heating & Cooling
Fireplace
1
Heating Type
Forced Air, Natural Gas
Utilities
Utility Type
Electricity Connected, Natural Gas Connected, Water Connected
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Neighborhood & Transit Info
Public Schools
Secondary
Garibaldi Secondary School
1.98 km
Elementary
Blue Mountain Elementary School
2.64 km
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Elementary, Secondary
Meadowridge School
1.7 km
Elementary, Secondary
Meadowridge School
1.7 km
Closest Transit
Bus Stop
Southbound 240 St @ 11500 Block
0.25 km
Skytrain
West Coast Express @ Port Haney Station
3.57 km
Crime Rate
Total Crime Rate
Above Average
Violent Crime Rate
Above Average
Property Crime Rate
Average
Demographics
Post-Secondary Education
Below Average
17.8%
No Certificate/Degree
Average
14.6%
Owner Occupied
Above Average
78.4%
Employment Rate
Above Average
72.6%
Noise/ Power Lines
Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely
Other
Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely
Local Info
Estimated Mortgage Calculator
/month
Principal & Interest
Property Taxes$513
Maintenance fee0
Financing 80% of the $1,170,000 asking price over 30 years at 4% results in approximately $4,982/month in total estimated carrying costs, $513 property tax.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Listing data last synced:
Estimated Cashflow Calculator
/month
Mortgage Payment
Monthly Payment
Break Even Down Payment0%
This listing generates an estimated $3,615/month in rental income, leaving a -$1,516/month cashflow at current carrying costs. Investors targeting break-even would need roughly 48% down.
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.
Home Price Evaluation Chart
This Home
$1,170,000
Maple Ridge
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Cottonwood MR
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Comparable data is unavailable at the neighbourhood level. City-wide in Maple Ridge, similar Single Family Residences average $1,040,000 across 2 active listings — this listing is 12.5% above the Maple Ridge average.
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Property FAQs
What are the closest top-rated schools to 11394 240 Street, Maple Ridge, BC?
The closest top-rated schools are Garibaldi Secondary School and Blue Mountain Elementary School.
Is 11394 240 Street, Maple Ridge, BC in a flood zone?
Flood risk status: No.
What is the estimated monthly mortgage and strata fee for 11394 240 Street, Maple Ridge, BC?
With a standard down payment, the estimated monthly mortgage is approximately $7,020.
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