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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.
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Property History
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| Status | Date | Price |
|---|
Rooms
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 17'3 x 17'3 ft |
| Main Level | Kitchen | 13'2 x 13'2 ft |
| Main Level | Dining Room | 12' x 12' ft |
| Main Level | Primary Bedroom | 12'3 x 12'3 ft |
| Main Level | Bedroom | 11'6 x 11'6 ft |
| Main Level | Bedroom | 10'11 x 10'11 ft |
| Below | Dining Room | 13'6 x 13'6 ft |
| Below | Living Room | 14'5 x 14'5 ft |
| Below | Bedroom | 12' x 12' ft |
| Below | Bedroom | 10'1 x 10'1 ft |
| Below | Bedroom | 16'6 x 16'6 ft |
Bathrooms
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Basement | No | #3 |
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
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
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Welcome to this stunning property located at 22023 Lougheed Highway in the heart of Maple Ridge, BC - MLS® R3075295. As we step out of this beautiful home, you'll notice the tranquil surroundings and the perfect blend of nature and urban convenience.
Let's start with the schools, which are a top priority for any family. Just down the road, you'll find Glenwood Elementary School, rated 1.7/10, located a mere 1.2 km from your doorstep. This school has earned a reputation for providing a solid foundation for young minds, and its proximity to your home ensures that your little ones will have a seamless transition to their educational journey.
In addition to Glenwood Elementary, our property is also serviced by Maple Ridge Secondary School, which is a short 0.9 km away. This school has a dedicated faculty and a strong reputation for academic excellence. With its close proximity to your home, you can rest assured that your children will receive the best possible education.
For those seeking a more independent educational experience, there are two excellent options nearby. St. Patrick's School, an elementary independent school, is located 1.35 km from your property, while Maple Ridge Christian School, a secondary independent school, is a 3.06 km drive away. Both schools offer a unique and enriching experience for your children, and are just a short commute from your home.
Now, let's talk about safety. According to the latest crime data from Statistics Canada (2020), this neighborhood has an above-average crime rate, with 10,310.11 incidents per 100,000 population. However, it's essential to note that the year-over-year change in the total crime rate is a healthy -13.72%. This indicates a downward trend in crime, making this neighborhood a relatively safe place to call home.
Regarding specific types of crime, the neighborhood surrounding 22023 Lougheed Highway has an above-average rate of drug-related offenses, with 361.76 incidents per 100,000 population. However, the year-over-year change in this category is a significant -23.47%, indicating a positive trend. Property crimes, on the other hand, are relatively average, with 3,824.61 incidents per 100,000 population.
Violent crimes are also a concern, with 2,153.12 incidents per 100,000 population, which is above average. However, the year-over-year change in this category is a relatively small -6.53%, indicating a stable trend.
As we explore the neighborhood, you'll notice that the closest bus station, Eastbound Dewdney Trunk Rd @ Dover St, is just 0.38 km away from your property. This convenient location ensures that you'll have easy access to public transportation, making it simple to get around without a car.
Now, let's dive into the demographics of the neighborhood. According to the latest data, 9.6% of the population holds a university certificate or degree, which is relatively low compared to other BC neighborhoods. However, 17.2% of the population has no certificate or degree, which is average compared to the BC average.
In terms of income, the median household income in this neighborhood is $61,824, which is below average compared to the BC average. The median personal income is $32,424, which is average. Additionally, 68.2% of households in this neighborhood have a mortgage, which is above average.
Unemployment rates in the area are relatively low, at 6.7%, which is below average compared to other province neighborhoods.
As we explore the neighborhood, you'll notice that it's experiencing rapid growth, with a population change of 15.4% between 2011 and 2016, which is relatively high compared to the average growth rate of the region.
In terms of population density, this neighborhood has an above-average density of 2,716.6 people per square kilometer. The average size of families in the area is 2.7, which is below average compared to the whole region.
Interestingly, 54.1% of families in the area have children, which is below average. The percentage of married or living common-law couples is also below average, at 52.7%.
The average age of the population in this neighborhood is 45.2 years, which is above average compared to other BC cities.
Finally, let's talk about the real estate market. The average value of dwellings in this neighborhood is $499,025, which is above average compared to other areas in British Columbia. Average owner payments are also above average, at $1,403 per month, while tenant payments are average, at $925 per month.
In terms of tenure, 43.3% of the population in this neighborhood are renters, which is above average compared to other BC cities and areas.
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