Multi-Family Real Estate Recent Commercial Sales

Recent Sale: 22225 119th Ave, Maple Ridge

esmemanorThe Esme Manor Apartments in Maple Ridge on 22225 119th Avenue have recently sold for $1,780,000. The sale was brokered by Re/Max Bill Goold. Zoning on the property is RM-3, which allows an FSR or 1.2. The apartment building has 22 units and was constructed in 1972 on a lot measuring 16,380 square feet. The original asking price for the property was $1,950,000 which represents a cap rate of 5.12%. According to Bill Goold the potential cap rate for the property is over 7%.

Original Brochure for 22225 119th Avenue Esme Manor

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