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11682 224 Street

East Central Maple Ridge V2X 6A2

$5,000,000

Land Commercial, Multi-Family Commercial

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Status:

Active

Prop. Type:

Land Commercial, Multi-Family Commercial

MLS® Num:

C8080765

Build. Type:

Low Rise (2-4 storeys)

• Photos (17)

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London Pacific is pleased to present Mariner's Watch, a rare opportunity to acquire a 21-unit purpose-built apartment building in the heart of Maple Ridge's rapidly growing Town Centre. Situated on a 8,799 sqft TCAPT designated site, the Property offers investors stable in-place cash flow with significant long-term upside through rental optimization and future redevelopment potential. The suite mix consists of sixteen 1-bedroom and five 2-bedroom units, providing diversified and dependable income. Ideally located within walking distance of shopping, restaurants, parks, Haney Place Mall, Port Haney West Coast Express Station, and Haney Place Transit Exchange, the Property benefits from exceptional connectivity and everyday conveniences. Mariner's Watch represents an opportunity to acquire a pride-of-ownership asset in one of Metro Vancouver's emerging multifamily investment markets.

General Info:

Sale Type:

Asset or Share

Ownership:

Freehold

Property Type:

Land Commercial, Multi-Family Commercial

Commercial Type:

Multi Family

Construction:

Frame Wood

Name of Complex/Subdivision:

Mariner's Watch

Building Type:

Low Rise (2-4 storeys), Mixed Use

# Units Total:

21

# of Apartments:

21

# of 1 Bedroom Apartments:

16

# of 2 Bedroom Apartments:

5

Living Area:

9,500 sq. ft.883 m2

Lot Area:

9,147.6 sq. ft.850 m2

Zoning:

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Potential to Redevelop:

Designated - Town Centre Apartment (TCAPT), No

Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Road Surface:

Paved

Heating:

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Electricity:

Yes

Services Connected:

Cable Connected, Electricity Connected, Fully Serviced, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting

Sewer:

Septic Tank, Storm Sewer

Parcel Number:

000991210

Taxes:

$32,918.74 / 2025

Amenities (Commercial):

Laundry Facility

Waterfront (Y/N):

No

Restrictions:

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Confidentiality Required:

No

Reports Avail:

No

Other Details:

Water Supply:

Public

Water Rights:

No

Roof:

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Potential to Redevelop:

Designated - Town Centre Apartment (TCAPT), No

Env Assmt Phase:

No

Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Association Fee:

$.00

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 London Pacific

Data was last updated August 27, 2026 at 10:40 AM (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.

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

• Purpose-built apartment buildings  
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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  
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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.