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Investment signal

$895,000

23217 117 AVENUE

Beds

Baths

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Opportunity Knocks in Maple Ridge! Imagine the possibilities on this level 49.1 x 163 ft. (8,019 sq. ft.) lot tucked into a quiet, established neighborhood. With no backyard neighbors (just the church parking lot behind you), you will enjoy rare privacy while still being close to everything; schools, shopping, transit, and recreation. The lot is zoned RS1B and, under new legislation, could host up to four homes. Duplex with suites, Duplex + garden suites, Triplex or a single home with garden suites. Whether for family, investment, or both this is your canvas to create something extraordinary. Don't miss this opportunity. Call today! (id:65958)

Subtype
Vacant Land
Common interest
Freehold
Lot size
8,019 square feet
Lot dimensions
8019
On market
Feb 20, 2026
Status changed
Apr 16, 2026
Annual tax
$4,114.63 (2025)
Photos
11
MLS#
R3091980
Area
MAPLE_RIDGE

Features and systems

Lot

Central location
Negative cash flow ~$1,750/mo at these assumptions

Cash on cash

-11.73%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,317

Financing

Down payment$179,000
Loan amount$716,000
Mortgage$4,393/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$410
Insurance$80
Maintenance$746
CapEx reserve$373
Vacancy loss$224

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $4,393/mo at 5.49% with 20% down, 25-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 16, 2026.

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