10-Unit Mixed-Use Building in Downtown Maple Ridge | $3.165M Transaction

Property Overview

Situated on Lougheed Highway between 223 Street and 224 Street, this prime mixed-use property offers exceptional pedestrian and vehicle exposure. The building consists of seven residential units and three commercial units, making it an attractive investment opportunity. Conveniently located in the heart of downtown Maple Ridge, it provides easy access to transit, shopping, and dining, further enhancing its tenant appeal.

Challenges and Solutions

After many years of holding the property, the owners decided to retire and move on to the next phase of their lives. The challenge was to facilitate a timely sale at optimal market value while navigating a dynamic real estate landscape. To achieve this, Sam and his team implemented a comprehensive marketing strategy, preparing an extensive due diligence and marketing package for potential buyers. They executed a targeted outreach campaign, utilizing direct marketing, paid advertising, social media, and commercial real estate platforms to attract a broad range of investors. Additionally, they conducted thorough buyer qualification through phone screenings, arranged private property tours, and meticulously reviewed all offers with the sellers. This strategic approach generated multiple offers, ultimately leading the sellers to accept a deal that met their pricing and timeline expectations, ensuring a smooth and successful closing.

Market Insights

Maple Ridge continues to see significant investment interest, particularly in mixed-use and multifamily assets. The city’s revitalization efforts and infrastructure improvements are making properties in the downtown core increasingly valuable. With limited inventory of well-located mixed-use buildings, assets like 22337 Lougheed Highway remain highly sought after for their stable rental income and long-term appreciation potential.

Conclusion

This transaction highlights our ability to strategically market and position mixed-use properties for maximum value. By leveraging our network, implementing a comprehensive sales strategy, and negotiating effectively, we ensured a successful outcome for our clients.

Testimonial