12230 222 Street

Maple Ridge MAPLE RIDGE V2X 5W7

Vanak International Properties is pleased to present an exclusive two-lot development assembly opportunity located at 22213 122 Avenue & 12230 222 Street, Maple Ridge. The properties are being offered together only as one combined development site with a total asking price of $4,250,000. A feasibility study has been prepared for a proposed 6-storey residential apartment development with approximately 52 units and 32,290 sq. ft. of buildable FSR area at 2.0 FSR, subject to City approvals. The concept allows developers to consider multiple exit strategies, including market rental, strata condominium, or mixed-tenure development. The site also benefits from existing holding income of approximately $9,250/month, providing income during the planning and entitlement process. Key Highlights: Two-lot assembly in Maple Ridge Town Centre Combined site area of approximately 16,145 sq. ft. Proposed 6-storey / 52-unit multifamily concept Approx. 32,290 sq. ft. buildable area Proposed rezoning from RS-1 to RM-2 Current holding income of approx. $111,000/year Strong Maple Ridge apartment market performance: apartment HPI up approx. 100.8% over 10 years Properties must be sold together as one development assembly Asking Price: $4,250,000 Full marketing package attached. For further details, please contact: Moe Moghadasian Vanak International Properties Cell: 604.219.9744 Email: moe@vanakproperties.com