Prime RS-1 investment opportunity on an 8,976 sq. ft. lot offering strong holding value and exceptional redevelopment potential. This 6-bedroom rancher with basement suite features approximately 2,280 sq. ft. of living space, two kitchens, and a fireplace, making it ideal for rental income, multi-tenant use, or extended family living. Major upgrades completed in 2020 include a new roof, air conditioning, and tankless hot water system, reducing near-term capital expenses. The RS-1 zoning presents potential for up to 6 homes (buyer to verify with the city), positioning this property as an excellent long-term development or land-hold investment. Located within walking distance to Walmart, shops, restaurants, and the West Coast Express, this home offers strong tenant demand. Close to elementary, secondary, college, and French immersion schools, enhancing long-term rental appeal. Income today. Development tomorrow. A rare opportunity combining location, zoning, and future upside. (id:4069)
Address
22023 LOUGHEED HIGHWAY
List Price
$985,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Transaction Type
Sale
Area
British Columbia
Sub-Area
Maple Ridge
Bedrooms
6
Bathrooms
2
Floor Area
2,280 Sq. Ft.
Lot Size
8976 Sq. Ft.
Year Built
1957
MLS® Number
R3075295
Listing Brokerage
Sutton Group-West Coast Realty
Basement Area
Unknown (Finished)
Postal Code
V2X2S7
Site Influences
Recreation, Shopping
Features
Central location
Amenities
Laundry - In Suite
