Property Type: Land / LotOwnership: Freehold

20506 123B AVENUE

Maple Ridge, BC V2X0L9

$2,950,000

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Property Details

Property & Lot

Lot size
1.05 acres
Frontage
49 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,850 (2026)

Interior

Fireplace
None

Listing Information

MLS®
R3145373
Listed
July 12, 2026
Time on market
On the market for 50 days
Tax assessment year
2026
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

*** For more information, please click Brochure button. *** Vacant Land in desirable area - Northwest Maple Ridge - Proposed 6-Lot Subdivision - potential multi-units. (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

18°C

Humidity 70%

Wind WSW calm 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

19

4/9 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
Fairview ElementaryElementary390 m
Odyssey K-9 SD 42Elementary/Middle390 m
Maple Ridge Christian School(Independent)K-12427 m
James Cameron School(Independent)Elementary776 m
Westview SecondaryK-12817 m
Laity View ElementaryElementary1.1 km
Hammond ElementaryElementary1.7 km
Maple Ridge ElementaryElementary1.8 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
Westbound 123 Ave @ 206 St159 m
Eastbound 123 Ave @ 206 St237 m
Westbound 123 Ave @ 203 St258 m
Eastbound 123 Ave @ 203 St264 m
Westbound 123 Ave @ 20600 Block307 m

Nearby Places

Restaurants (4)

  • Sushi Misoya · 20306 Dewdney Trunk Road776 m
  • The Reach Neighbourhood Pub & Grill · 20398 Dewdney Trunk Road783 m
  • Pho Phuong Hong Vietnamese Restaurant · 20306 Dewdney Trunk Road784 m
  • The Keg796 m

Parks (2)

  • Fairview Park320 m
  • Chilcotin Park684 m

Pharmacies (1)

  • Shoppers Drug Mart · 20395 Dewdney Trunk Road782 m

Banks & ATMs (1)

  • TD · 20398 Dewdney Trunk Road772 m

Nearby places data: © OpenStreetMap contributors.

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

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($590,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,360,000.00
Periodic payment — Principal & Interest (monthly)$15,225.92
Additional monthly expenses (strata, tax, utilities, etc.)$570.83
Total monthly cost$15,796.75
Interest paid over 5-yr term$676,382.78
Balance at end of term$2,122,827.63

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$590,000
Stress test qualifying rate8.09%
Payment you must qualify for$18,147.57

Cash Needed at Closing

Minimum down payment$590,000
Estimated BC PTT$66,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$658,000

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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