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Maridge Apartments is a 23-suite three-storey frame rental apartment building located in a central area of Maple Ridge. Built in 1978 and improved on an 18,200 sq. ft. lot, the property features balconies, secured underground parking, storage and elevator service. Situated close to schools, church, shopping and bus transportation. Significant upside on rents.
Situated on the shores of the mighty Fraser River and nestled against the Coastal Mountains, Maple Ridge is a mecca of adventure for the outdoor enthusiast. Located 45 kilometers east of Vancouver, it is a progressive community well-known for its beautiful countryside and spectacular scenery. It is a community of urban sophistication that retains a sense of rural charm.
The subject is located on the north side of 119th Avenue between 222nd and 223rd Streets, three blocks north of Lougheed Highway and four blocks south of Dewdney Trunk Road in Maple Ridge. It provides easy access to Haney By-Pass, the new Pitt River Bridge and the West Coast Communiter Train.
Situated within walking distance to schools, church, Haney Place Mall, Maple Ridge Arts Centre/Theatre, Maple Ridge Art Gallery, Fraser Medical Clinic, Save On Foods, recreation and bus transportation.
HQ Real Estate Services
530 - 1285 West Broadway Vancouver BC V6H 3X8
Fax: 604 608 9455 www.goodmanreport.com
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Real Estate Services.
Summary
Price$1,895,000
Units23
Stories3
Price/Unit$82,391
Cap Rate5.2%
GIM10
Year Built1978
Lot Size140' x 130' (18,200 sq. ft.)
ZoningRM-3
PID011-308-711
Legal DescriptionLot A (N35305E) District Lot 398 Group 1 New Westminster District Plan 8380
Reduced
