12848 240 STREET
Maple Ridge, BC V4R2R8
$5,299,000
Property Details
Property & Lot
- Lot size
- 76,665 square feet
RS-3
Ownership & Fees
- Property type
- Land / Lot
- Annual property tax
- $14,575.67 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8078899
- Listed
- May 20, 2026
- Time on market
- On the market for 103 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX LIFESTYLES REALTY · Data source: CREA DDF.
Description
EXCEPTIONAL 11 LOT SUBDIVISION OPPORTUNITY. Transform this 1.76-acre Silver Valley property into 11 brand new residential lots. This is a rare, shovel ready development opportunity in Maple Ridge's growth corridor, offering exceptional potential for builders and investors seeking immediate R-2 zoned land. With urban infrastructure already in place and parkland adjacency creating a desirable private setting, this property is positioned for success. The surrounding diverse uses further support residential growth and long term market strength. Whether you are an experienced developer or investor pursuing your next major project, this turnkey subdivision provides genuine entry into Maple Ridge's strong residential market. (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)
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
4
1/9 categories nearby
Transit
13
2 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
| School | Type | Distance |
|---|---|---|
| Meadowridge School(Independent) | K-12 | 1.2 km |
| Yennadon Elementary | Elementary | 1.3 km |
| Blue Mountain Elementary | Elementary | 1.8 km |
| Alexander Robinson Elementary | Elementary | 2.0 km |
| Harry Hooge Elementary | Elementary | 2.1 km |
| Garibaldi Secondary | Secondary | 2.3 km |
| Golden Ears Elementary | Elementary | 2.8 km |
| District 42 Alternative Secondary | Secondary | 3.0 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
| Stop | Type | Distance |
|---|---|---|
| Southbound 130 Ave @ 239B St | — | 609 m |
| Westbound Fern Cres @ 23600 Block | — | 772 m |
Nearby Places
Parks (2)
- Cross's Cabins Park648 m
- Davidson's Pool Park658 m
Nearby places data: © OpenStreetMap contributors.
School district: Maple-Ridge Pitt-Meadows (SD42)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,059,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.