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Investment signal

$1,099,900

11394 240 STREET

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Beds

Baths

Sqft

—

Year

1940

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Maple Ridge. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime building opportunity in the heart of East Maple Ridge. This 15,600 square ft lot (104 frontage x 150 ft depth) offers exceptional potential for builders and investors. Zoned RS-3 and designated ground oriented residential (GOR) in the official Community Plan, the property allows for up to 4 units, making it well suited for a multiplex, duplex with suites, or other small scale multi-unit development (buyer to verify with City of Maple Ridge) Partial lane access adds further flexibility for site planning and parking configuration. Located along 240 Street, this property benefits from convenient access to major commuter routes including Dewdney Trunk Road and Lougheed Highway. Everyday amenities are minutes away, with shopping and services at Valley Fair Mall and downtown Maple Ridge. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Common interest: Freehold
Living area: 1,454 square feet
Lot size: 15,600 square feet
Lot dimensions: 15600
Parking: 4 total
Fireplace: 1
On market: Mar 4, 2026
Status changed: Apr 27, 2026
Annual tax: $6,150.8 (2025)
Photos: 25
MLS#: R3095791
Area: MAPLE_RIDGE

Features and systems

Parking

GarageCarport

Heating

Forced airNatural gas

Lot

Central location

Negative cash flow ~$1,192/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.50%

Cap rate

3.56%

GRM

16.7

Break-even rent

$6,755

Financing

Down payment$219,980

Loan amount$879,920

Mortgage$4,458/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$504

Insurance$80

Maintenance$917

CapEx reserve$458

Vacancy loss$275

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,458/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.