11926 222nd Street, Maple Ridge

11926 222nd Street | Maple Ridge, BC

11926 222nd Street Sold

SOLD $7,700,000

The Opportunity

Cypress Apartments is a three-storey, wood-frame building constructed in 1969. The building comprises 43 rental suites: 30 one-bedrooms and 13 two-bedrooms. Building amenities include common laundry room (one washer & one dryer) in each floor and tenant storage lockers.

In walking distance, there are Haney Place Mall and Selkirk Town Centre offering shopping and food court. In addition, Maple Ridge Public Library, major banks and local parks are in close proximity to the property.


Building Upgrades / Replacements

  • Hot water tank replaced, new Intercom system (Oct 2018)
  • Redo parking area: demolish carport, parking area lighting upgrade (2019)
  • All suites electrical panel upgraded (Aug 2021)

Prime Location Close to Amenities and Transit
Walking distance to Haney Place Mall, Selkirk Town Centre and Port Haney Station

Request the Data Room and Financials

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The Suite Mix

# of Units Average Size
1-Bedroom30600 SF
2-Bedroom13850 SF

The Key Details

Sold DateMarch 22, 2023
Sold Price$7,700,000
Lot Size32,921 SF
Year Built1969
Property Taxes (2021)$52,612
Cap Rate3.5%
Assessed Value (2022)$7,504,000

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.