Brookside Gardens
20834 Dewdney Trunk Rd, Maple Ridge
Sold for $18,500,000
3.68
Lot Acres
44
Townhomes
1978
Year Built
$420k
Price Per Unit
Description
Sold 20834 Dewdney Trunk Road in Maple Ridge. Represented the purchaser in the acquisition of Brookside Gardens, the only family-oriented 3-bedroom townhomes in the primary rental market in Maple Ridge. Performed a comprehensive strategic analysis and asset management plan which determined that the property was a rare townhome complex with long term redevelopment potential. With clear financial analyses and redevelopment potential outlined, the property achieved a purchase price of $18,500,000.
The purchaser was represented with a focus on strategic guidance and detailed due diligence. The property’s financial performance, recent upgrades, and future redevelopment opportunities were thoroughly evaluated to align with all stakeholders’ and lenders’ goals.
A careful review of zoning and regulatory frameworks was conducted to assess long-term value potential. Clear communication and attention to detail ensured a successful transaction, despite numerous complications along the way. The end result was the client’s acquisition of this high-performing asset in a desirable location with exceptional long term potential.
Suite Mix
Specifications
Units · 44 Townhome Units
Year Built · 1978
Rentable Area · ~66,539 sq ft
Average Unit Size · 1,512 sq ft
Unit Types · 3-bedroom, 2-storey townhomes; 15 units include basements
Lot Size · 168,42 sq ft (3.68 Acres)
Parking · 100+ Surface Parking Spaces including Carports for Every Unit
Land Use Designation · Urban Residential
Current Zoning · RM-1
Amenities
Fenced backyards for each unit.
Covered parking areas; each unit has a carport, with additional surface parking available.
In-suite laundry and dishwashers.
Recent Upgrades
Roofs and gutters replaced between 2008 and 2012.
Exterior repainted in 2012.
Comprehensive interior refurbishments in approximately 90% of the units, including updates to kitchens and bathrooms.