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Mariner's Watch 11682 224 St 21 Unit Apartment Building $5,000,000 CAD ($238,095 CAD/Unit) Maple Ridge, BC V2X 6A3
Executive Summary
London Pacific is pleased to present Mariner's Watch, a rare opportunity to acquire a 21-unit purpose-built apartment building in the heart of Maple Ridge'srapidly growing Town Centre. Situated on an 8,799 sqft TCAPT-designated site, the Property offers investors stable in-place cash flow with significant long-term upside through rental optimization and future redevelopment potential. The suite mix consists of sixteen 1-bedroom and five 2-bedroom units, providing diversified and dependable income. Ideally located within walking distance of shopping, restaurants, parks, Haney Place Mall, Port Haney West Coast Express Station, and Haney Place Transit Exchange, the Property benefits from exceptional connectivity and everyday conveniences. Mariner's Watch represents an opportunity to acquire a pride-of-ownership asset in one of Metro Vancouver's emerging multifamily investment markets.
Property Facts
| Price | $5,000,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $238,095 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 21 | Building Size | 14,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2024 |
| Zoning | RM-2 - Designated TCAPT (Town Centre Apartment) | ||
| Price | $5,000,000 CAD |
| Price Per Unit | $238,095 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 14,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2024 |
| Zoning | RM-2 - Designated TCAPT (Town Centre Apartment) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Fiber Optic Internet
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 5 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
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Mariner's Watch | 11682 224 St
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