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Investment signal

$1,150,000

22641 BROWN AVENUE

Save this home

Beds

3

Baths

2

Sqft

Year

1973

Type

Single Family

Suite

Investment signal

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

First time on market - ORIGINAL FAMILY OWNED since new and it shows! This lovingly maintained 3 bed 1.5 bath rancher sits on PRIME DEVELOPMENT PROPERTY in the heart of Maple Ridge near schools, shopping, transit & recreation has been a fantastic family home and is turn-key ready for new owners. Interior highlights include large living room with real stone feature wall & gas fireplace, opened kitchen, 2 skylights and spic & span condition throughout. Roof has been recently inspected and serviced for extended lifespan. Double carport up front and MVP family size driveway. Great big 60' x 141' lot offers huge fenced & private back yard and also SIGNIFICANT INVESTMENT OPPORTUNITY with potential rezoning to Multi Family use. Neat as a pin inside & out. Easy to live in or rent until development. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Common interest
Freehold
Living area
1,267 square feet
Lot size
8,460 square feet
Lot dimensions
8460
Parking
4 total
Fireplace
1
On market
Mar 11, 2026
Status changed
Apr 23, 2026
Annual tax
$5,880.16 (2025)
Photos
36
MLS#
R3098899
Area
MAPLE_RIDGE

Features and systems

Appliances

All

Heating

Baseboard heatersElectric

Lot

Central location
Negative cash flow ~$1,244/mo at these assumptions

Cash on cash

-6.49%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,059

Financing

Down payment$230,000
Loan amount$920,000
Mortgage$4,662/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$527
Insurance$80
Maintenance$958
CapEx reserve$479
Vacancy loss$288

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 $4,662/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 23, 2026.

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