48,351 ft²Multifamily$11,650,000Sale
48,351 ft²
Multifamily
$11,650,000
Sale
Taylor Durham
NAI Commercial BC
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For Sale | 48-Unit Apartment Building in Maple Ridge Constructed in 1971, Glenwood Manor is a 48-suite three storey wood frame apartment building situated on a 1.1-acre lot. The building has been well-maintained throughout the years with roof replacements, suite upgrades, plumbing, new intercom system, parking gate motor replacement, and was recently repainted. All suites have breaker panels. The building is also equipped with a back-up generator for common area lighting and the elevator.
The Space
Asking Price$11,650,000
Available Space48,351 ft²
Net Operating Income$423,891.32
Property UseInvestment property / Multi family
SourceDirect
The Building
21387 Dewdney Trunk Road is centrally located in Maple Ridge, offering immediate access to daily conveniences and key community amenities. The property is just minutes from Haney Place Mall, Save-On-Foods, London Drugs, Walmart Supercentre, Scotiabank, the Maple Ridge Leisure Centre, and Ridge Meadows Hospital. Residents also benefit from walkable access to nearby parks and schools, including Glenwood Elementary, Westview Secondary, and École des Pionniers. The area is well-served by existing bus routes and the nearby West Coast Express station, providing a direct commuter link to downtown Vancouver. Looking ahead, the planned Bus Rapid Transit (BRT) line along Lougheed Highway will deliver high-frequency, rapid service between Maple Ridge and Langley, connecting to future SkyTrain extensions and significantly enhancing regional connectivity. As transit infrastructure expands, this location is positioned to benefit from increased demand, greater livability, and future redevelopment potential within the growing Lougheed Transit Corridor.
Property TypeMultifamily
Lot Size48,351 ft²
Up to $500K for British Columbia businesses
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