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 dist. to Walmart, shops, restaurants, & West Coast Express, this home offers strong tenant demand.Close to all sch level.
Address
22023 Lougheed Highway
List Price
$985,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Rancher/Bungalow
Structure Type
Residential Detached
Transaction Type
Sale
Area
Maple Ridge
Sub-Area
West Central
Bedrooms
6
Bathrooms
2
Floor Area
2,280 Sq. Ft.
Main Floor Area
1140
Lot Size
8976 Sq. Ft.
Lot Size Dimensions
0 x 0
Lot Size (Acres)
0.21 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
2280
Year Built
1957
MLS® Number
R3075295
Listing Brokerage
Sutton Group-West Coast Realty
Basement Area
Finished
Postal Code
V2X 2S7
Zoning
RS1
Ownership
Freehold NonStrata
Parking
Additional Parking, Side Access, Concrete
Parking Places (Total)
7
Tax Amount
$5,383.70
Tax Year
2025
Site Influences
Balcony, Central Location, Private Yard, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony, Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air
Cooling
Yes
Cooling Features
Central Air, Air Conditioning
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
1
Laundry Features
In Unit
Other Structures
Shed(s)
Number Of Floors In Property
2
Window Features
Window Coverings
Security Features
Smoke Detector(s)