The Official Community Plan (OCP) designates this property for medium-density multifamily development, with potential rezoning to RM2 for apartment use, supporting a Floor Space Ratio (FSR) of up to 2.5 under the "Major Corridor Residential" designation. Alternatively, the city is open to supporting options such as duplexes, triplexes, or fourplexes, with a maximum of four units. Situated in the desirable Hammond neighborhood, this location offers proximity to various shopping centers and schools, making it an excellent opportunity for developers looking to capitalize on the area’s growing demand for housing. This prime site holds significant potential for multifamily and smaller-scale developments with laneway access off the back!
Data was last updated December 22, 2024 at 05:10 PM (UTC)
Area Statistics
Listings on market:
56
Avg list price:
$1,312,000
Min list price:
$289,500
Max list price:
$3,350,000
Avg days on market:
57
Min days on market:
4
Max days on market:
590
Avg price per sq.ft.:
$777.02
These statistics are generated based on the current listing's property type
and located in
Southwest Maple Ridge. Average values are
derived using median calculations.
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