$3,900,000
2.47 acres court order sale of development potential land and was previously the subject of a rezoning application with the City of Maple Ridge (Application No. 2018-404-RZ) to rezone from RS-3 to RM-1 (Townhouse Residential). An unapproved concept layout was prepared for 14 townhouse units and 4 single-family lots. The listing consists of two separate legal parcels totaling 2.47 acres (approximately 1.97 acres and 0.50 acres). The eastern portion of the property shows potential for townhouse development, while the western portion is suitable for single-family residential use. Court approval is required for the sale.
| Structures | Land Only |
|---|
| Price | $2,400,000 |
|---|---|
| Property Type | Land |
| Ownership Type | Freehold NonStrata |
| Utility Type | Sanitary Sewer Nearby, Storm Sewer Nearby, Electricity Nearby, Natural Gas Nearby, Phone Nearby, Cable Available |
| Water (WaterSource) | None |
| Lot Size | 2.47 |
|---|---|
| Lot Size Depth | Feet |
| MLS® # | R3076510 |
| Area | Maple Ridge |
| Neighbourhood | Cottonwood MR |
| City | Maple Ridge |
| Postal Code | V2W 1A3 |
| Gross Taxes | $15,692.06 |
| Zoning | RS-3 |
Listed by: RE/MAX LIFESTYLES REALTY
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
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| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Based on 5 comparable active properties in Cottonwood MR, the average asking price is $3,750,000. This listing is priced 36% below the neighbourhood average. This property is flagged as a Hot Deal (Foreclosures, 38.5% price reduction, 56.25% cheaper than comparables) based on its competitive pricing and market demand.
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