That doesn't mean their dropping value isn't impressive. A year ago it would have been unthinkable to even conceive they would listed for 25% below assessed, let alone -30%, -40%, -50% and now... -60%.
It only has a 1 bedroom, 1 bathroom 1,200 square foot structure on it, so the interest is - obviously - in the 16 acres of land.
As the listing notes, you can't get a mortgage for this property because the site is in violation of Ministry of the Environment, the Agricultural Land Commission and the District of Maple Ridge's Regulations and Bylaws because the property has been used as a dump site.
Or is this another property which will dance the price limbo to see how low it will go?
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