Multifamily for Sale

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1 24578 Lougheed Highway
Albion Maple Ridge V2W 1M2

$2,299,900
Multi-Family Commercial

Main Photo: 1 24578 Lougheed Highway, Maple Ridge
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8075619
Build. Type:
Mul Tenant/MultiPlex (5+)
Exceptional 2.41-acre property located along Lougheed Highway offering Fraser River views and frontage along a high-exposure corridor in Maple Ridge. The property is zoned CS-3 (Recreation Commercial) under the City of Maple Ridge Zoning Bylaw No. 7600-2019. This designation is intended to accommodate recreation- and tourism-oriented commercial uses. Principal permitted uses within the CS-3 zone include campground, indoor commercial recreation, outdoor commercial recreation, and tourist accommodation, all subject to the regulations and development standards outlined in the City’s zoning bylaw. The site currently includes four occupied residences providing holding income. Any future use or redevelopment would be subject to municipal approvals and compliance with applicable zoning regulations, setbacks, parking requirements, and other development standards. Located steps from the river, the property offers a natural setting within an established and evolving section of the Lougheed Highway corridor.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Concrete Block, Frame Wood
Num Storeys:
3
Building Type:
Mul Tenant/MultiPlex (5+), See Remarks
# Units Total:
0
# Other Units:
0
# of Apartments:
6
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
6
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1968 (Age: 58)
Living Area:
1,992 sq. ft.
Lot Area:
2.45 acre(s)
Acres Freehold:
2.41 acre(s)
Zoning:
Potential to Redevelop:
No, The property is zoned CS-3 (Recreational Commercial)
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced, See Remarks
Sewer:
Septic Tank
Env Assmt Comment:
yes
Parcel Number:
007065159
Taxes:
$0 / 2024
No
Water Supply:
Well Drilled
Water Rights:
No
Roof:
Potential to Redevelop:
No, The property is zoned CS-3 (Recreational Commercial)
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by eXp Realty
Data was last updated February 8, 2026 at 03:40 PM (UTC)
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