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Maple Ridge apartment near Haney Place Mall sells for $6.05M

The 43-unit complex sold for $140,697 per suite and is centrally located
haney place mall apartment
 
Price: $6,050,000
No. of Units: 43
Price/Unit: $140,697
Lot Size: 32,757 SF
Property Type: Multi-family 
Zoning: RM-3
2016 B.C. Assessment Value: $4,219,000
Date of Sale: 05/23/2017
City: Maple Ridge
Province: B.C.
Name of Brokerage: NAI Commercial 
 
An apartment building near Haney Place Mall has sold for $6.05 million, according to NAI Commercial. 
 
The previous owner constructed the wood-frame, three-storey rental complex in 1969. The building has 30 one-bedroom suites and 13 two-bedrooms. The suites are currently being rented out for under-market rates and have the potential to be raised to improve upon the current net operating income of $214,448. The property has an assessed value of $4.2 million and was listed on the market for $6.4 million, or $148,837 per suite. 
 
The property is located at 11926 222th St., Maple Ridge, 900 metres from Port Haney Station. 
 
 
 

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