Multifamily for Sale

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1 24578 Lougheed Highway
Albion Maple Ridge V2W 1M2

$2,299,900
Multi-Family Commercial

Main Photo: 1 24578 Lougheed Highway, Maple Ridge
Photo 1: 1 24578 Lougheed Highway, Maple Ridge
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8075619
Build. Type:
Mul Tenant/MultiPlex (5+)
Exceptional 2.41-acre property located along Lougheed HWY offering stunning Fraser River views and significant development and income potential. The property is zoned CS-3 (Commercial Service), which permits a wide range of uses including recreational commercial, tourist accommodation, campgrounds, marina-related uses, and complementary residential components making it an ideal holding or redevelopment opportunity in a highly sought-after corridor. The site currently features four occupied residences, providing immediate holding income, with strong potential for expanded development subject to municipal approvals. Steps from the river, the property offers unparalleled views, a tranquil natural setting. A truly unique space. Zoning flexibility, in a rapidly evolving area!
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Concrete Block, Frame Wood
Num Storeys:
3
Building Type:
Mul Tenant/MultiPlex (5+), See Remarks
# Units Total:
0
# Other Units:
0
# of Apartments:
6
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
6
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1968 (Age: 58)
Living Area:
1,992 sq. ft.
Lot Area:
2.45 acre(s)
Zoning:
Potential to Redevelop:
The property is zoned CS-3 (Commercial Service), No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced, See Remarks
Sewer:
Septic Tank
Env Assmt Comment:
yes
Parcel Number:
007065159
Taxes:
$0 / 2024
No
Water Supply:
Well Drilled
Water Rights:
No
Roof:
Potential to Redevelop:
The property is zoned CS-3 (Commercial Service), No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by eXp Realty
Data was last updated January 28, 2026 at 10:35 PM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.