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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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12039 220 Street, Maple Ridge
MLS®: R3047215
1712
Sq.Ft.
1
Baths
3
Beds
8,355
Lot SqFt
1957
Built
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Description
Attention Investors & Developers! This prime property is situated within the Lougheed Transit Corridor Area Plan (LTCAP) and is zoned for a 6-plex dwelling. Opportunities like this are rare! Conveniently located within walking distance of schools, transit, and shopping, it offers exceptional accessibility. As part of the City’s Urban Infill Residential program, this property qualifies for up to six units under new provincial housing legislation. No rezoning is required, as Urban Infill Residential is now a permitted use under the Lougheed Transit Corridor Concept. Don’t miss out on this incredible investment opportunity!
Taxes (2025): $5,756.15
Amenities
Shopping Nearby
Storage
Pantry
Features
Washer
Dryer
Refrigerator
Stove
