49934 sqft
$5,500,000
PICKERING DEVELOPMENT SITE | DRAFT PLAN APPROVED Rare 1.146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime Pickering location. Currently generating approx. $320,000 annual rental income (5.8% return based on $5.5M asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with Frenchman's Bay and waterfront trails practically in your backyard. Exceptional location near Highway 401, GO Transit, parks, and convenient access to downtown Toronto. Draft Plan Approved Strong In-Place Cash Flow Waterfront Lifestyle Location Prime Growth Corridor Future Development UpsideRare opportunity for developers, builders, and investors. (id:43681)
房源概要
|
MLS® Number
|
E13152226 |
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房源类型
|
Vacant Land |
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社区名字
|
West Shore |
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附近的便利设施
|
Highway, 公共交通 |
详 情
土地
|
英亩数
|
无 |
|
土地便利设施
|
Highway, 公共交通 |
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污水道
|
Septic System |
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土地深度
|
286 Ft ,10 In |
|
土地宽度
|
164 Ft ,5 In |
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不规则大小
|
164.43 X 286.86 Ft |
|
规划描述
|
R3 |
https://www.realtor.ca/real-estate/29779965/755-oklahoma-drive-pickering-west-shore-west-shore