22023 Lougheed Hwy, Maple Ridge, BC, MLS® R3075295

$985,000
Est. Mortgage /mo

NEW

$985,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver
Go See This Home Now
6 Beds
2 Baths
2 Stories
lot 8976 sqft
2280 sqft
1957 built
Show more info
Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

22023 Lougheed Hwy, Maple Ridge, BC | MLS® R3075295 Property Details

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.

General Info

Price $985,000
Total Bedrooms 6
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 2280
Lot Size 8976
Lot Size Depth Feet
Lot Size Frontage 0
Basement Finished
Basement Features BasementFeatures

Property Metrics

Year Built 1957
Age Of Building 69
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow
Stories 2
Appliances Included Washer/Dryer, Dishwasher, Refrigerator, Stove
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS® # R3075295
Area Maple Ridge
Neighbourhood West Central
City Maple Ridge
Gross Taxes $5,383.7
Ownership Type Freehold NonStrata
Maintenance Fee -
Community Features Shopping Nearby
Fixtures Included -

Heating & Cooling

Fireplace 1
Heating Type Forced Air
Cooling Central Air, Air Conditioning

Utilities

Utility Type Electricity Connected, Natural Gas Connected
Utility Sewer Public Sewer
Water (WaterSource) Public

Parking

Parking Type Additional Parking, Side Access, Concrete
Total Parking Spaces 7

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Strata Restrictions -
Rental Restrictions -
Zoning RS1
Rental Suites -
Laundry In Unit
# of Kitchens 1
Flooring Laminate, Mixed
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Exterior Features Balcony, Private Yard
Sewer Public Sewer
Roof Asphalt

Property History

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Status Date Price
Show more

Listed by: Sutton Group-West Coast 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.

Neighborhood Info

Public Schools

Elementary
Glenwood Elementary School
Below Average
1.2 km
1.7/10
Secondary
Maple Ridge Secondary School
0.9 km

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary
St.Patrick's School
1.35 km
Elementary, Secondary
Maple Ridge Christian School
3.06 km

Closest Transit

Bus Stop
Eastbound Dewdney Trunk Rd @ Dover St
0.38 km
Skytrain
West Coast Express @ Port Haney Station
0.73 km

Noise/ Power Lines

Road/Hwy Noise
Possible
Railway/Sky train Noise
Unlikely
Airport/Port Noise
Unlikely
Close to major Power Lines
Unlikely

Other

Agricultural Land Reserve (ALR)
Unlikely
Flood Area
Unlikely
Close to Cemeteries
Unlikely

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.

With

Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All figures are informational estimates by Estateblock.com; actual mortgage payments and insurance rates vary by many factors.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $985,000
Maple Ridge $1,181,960
West Central $1,188,000
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. 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 Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Award-Winning REALTOR® with 11+ Years of Experience Serving Greater Vancouver

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