Property Type: Land / LotOwnership: Freehold

12471 223 STREET

Maple Ridge, BC V2X5Y8

$1,249,000

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Property Details

Property & Lot

Lot size
12,176 square feet
Frontage
76 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$7,198 (2025)

Interior

Fireplace
None

Exterior & Lot

View
View

Listing Information

MLS®
R3101766
Listed
March 19, 2026
Time on market
On the market for 165 days
Tax assessment year
2025
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Ltd. · Data source: CREA DDF.

Description

Ready to go! All engineering, hydro, and tele plans have been completed and approved. Value is in the land. This is one of the final opportunities to build new in the sought after Davison Subdivision. Under the Small-Scale Multi-Unit Housing (SSMUH) guidelines, each lot qualifies for up to four dwelling units, offering excellent flexibility for builders or investors. Steps to Alouette Elementry, Maple Ridge Secondary, Golden Ears Bridge, and shopping. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Maple Ridge average

$1,410/sqft

10 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Pitt Meadows

15°C

Humidity 87%

Wind E 4 km/h

Tonight

14°

Tuesday

20°

Tuesday night

15°

Wednesday

19°

Wednesday night

14°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

90,990

(2021 Census)

+10.6% since 2016

Density: 339.7/km²

Dwellings: 34,254

Median household income: $105,000

After-tax: $92,000

Immigrant population: 22.5%

Top countries of origin (% of total population)

  • United Kingdom2.8% · 2,570
  • Philippines2.2% · 2,000
  • India1.8% · 1,615
  • China1.5% · 1,410
  • Iran1.1% · 995
  • Korea, South0.9% · 860
  • United States of America0.8% · 735
  • Germany0.6% · 555

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

33

5 stop(s) within 800m

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Alouette ElementaryElementary314 m
Outreach Alternate SecondarySecondary792 m
Maple Ridge SecondaryK-12792 m
Eric Langton ElementaryElementary878 m
St Patrick's(Independent)Elementary981 m
Harry Hooge ElementaryElementary1.6 km
Glenwood ElementaryElementary1.8 km
Yennadon ElementaryElementary2.2 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

StopTypeDistance
Eastbound 124 Ave @ 223 St151 m
Westbound 124 Ave @ 224 St226 m
Eastbound 124 Ave @ Gray St301 m
Southbound 224 St @ 124 Ave309 m
Westbound 124 Ave @ Gray St344 m

Nearby Places

Parks (4)

  • Alouette Park423 m
  • Reg Franklin Park650 m
  • Merkley Park690 m
  • Horseman's Park760 m

Nearby places data: © OpenStreetMap contributors.

School district: Maple-Ridge Pitt-Meadows (SD42)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($99,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$999,200.00
Periodic payment — Principal & Interest (monthly)$6,446.50
Additional monthly expenses (strata, tax, utilities, etc.)$599.83
Total monthly cost$7,046.33
Interest paid over 5-yr term$286,373.59
Balance at end of term$898,783.63

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$99,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,836.18

Cash Needed at Closing

Minimum down payment$99,900
Estimated BC PTT$22,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$124,380

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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