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1 24578 Lougheed Highway

Albion Maple Ridge V2W 1M2

$2,299,900

Multi-Family Commercial

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Status:

Active

Prop. Type:

Multi-Family Commercial

MLS® Num:

C8075619

Build. Type:

Mul Tenant/MultiPlex (5+)

• Photos (14)

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Exceptional 2.41-acre property located along Lougheed Highway offering Fraser River views and frontage along a high-exposure corridor in Maple Ridge. The property is zoned CS-3 (Recreation Commercial) under the City of Maple Ridge Zoning Bylaw No. 7600-2019. This designation is intended to accommodate recreation- and tourism-oriented commercial uses. Principal permitted uses within the CS-3 zone include campground, indoor commercial recreation, outdoor commercial recreation, and tourist accommodation, all subject to the regulations and development standards outlined in the City’s zoning bylaw. The site currently includes four occupied residences providing holding income. Any future use or redevelopment would be subject to municipal approvals and compliance with applicable zoning regulations, setbacks, parking requirements, and other development standards. Located steps from the river, the property offers a natural setting within an established and evolving section of the Lougheed Highway corridor.

Documents & Links:

Map

General Info:

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.185 m2

Lot Area:

2.45 acre(s)0.99 hectare(s)

Acres Freehold:

2.41 acre(s)0.98 hectare(s)

Zoning:

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Potential to Redevelop:

No, The property is zoned CS-3 (Recreational Commercial)

Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Electricity:

No

Services Connected:

Fully Serviced, See Remarks

Sewer:

Septic Tank

Env Assmt Comment:

yes

Parcel Number:

007065159

Taxes:

$0 / 2024

Waterfront (Y/N):

No

Restrictions:

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Other Details:

Water Supply:

Well Drilled

Water Rights:

No

Roof:

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Potential to Redevelop:

No, The property is zoned CS-3 (Recreational Commercial)

Env Assmt Phase:

Yes

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Other Income:

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Effective Gross Income:

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Net Operating Income:

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Listing Info:

Previous Price:

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Original Price:

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Listed by eXp Realty

Data was last updated June 25, 2026 at 02:40 PM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

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.

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Multi-family buildings for sale across Vancouver and British Columbia offer investors stable income, long-term appreciation, and diversification within the commercial real estate market. These properties typically include apartment buildings, purpose-built rentals, and multi-unit residential assets designed to generate consistent cash flow.

Vancouver Business Brokers represents multi-family investment properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to investors evaluating acquisition opportunities.

Types of Multi-Family Investment Properties

Multi-family real estate encompasses a range of property types, including:

• Purpose-built apartment buildings  
• Small to mid-sized multi-unit residential properties  
• Mixed-use buildings with residential units  
• Redevelopment and value-add opportunities  

Each property type carries different income profiles, financing considerations, and risk factors.

Buying Multi-Family Buildings

Investors evaluating multi-family buildings should consider more than the asking price. Key factors include:

• Net operating income and cap rates  
• Tenant mix and lease stability  
• Operating expenses and maintenance history  
• Zoning, density, and redevelopment potential  
• Local rental market demand  

Professional representation helps investors identify risks and assess long-term performance.

Selling Multi-Family Properties

Selling multi-family real estate requires proper pricing, market exposure, and access to qualified buyers. Investor demand, income stability, and asset condition all influence value.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Reach qualified investors  
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• Close transactions efficiently  

Multi-Family Markets Across British Columbia

Demand for multi-family investment properties varies by region. Vancouver remains a core market, while secondary markets may attract investors seeking higher yields.

Understanding regional market conditions is critical when evaluating pricing and investment strategy.

Next Steps

If you are considering buying or selling a multi-family building in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.

Frequently Asked Questions

What qualifies as a multi-family building?

Multi-family buildings include properties with multiple residential units, such as apartment buildings and purpose-built rentals.

Are multi-family buildings good investments?

Multi-family properties can offer stable income and long-term appreciation, depending on location, tenant mix, and operating costs.

Do you represent multi-family properties outside Vancouver?

Yes. We represent multi-family investment properties across British Columbia.

What should investors review before purchasing?

Investors should review income statements, operating expenses, tenant leases, zoning, and local market conditions.