49,934 ft2
$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:50976)
Property Details
|
MLS® Number
|
E13152226 |
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Property Type
|
Vacant Land |
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Community Name
|
West Shore |
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Amenities Near By
|
Highway, Public Transit |
Building
|
Size Interior
|
49,934 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Sewer
|
Septic System |
|
Size Depth
|
286 Ft ,10 In |
|
Size Frontage
|
164 Ft ,5 In |
|
Size Irregular
|
164.43 X 286.86 Ft |
|
Size Total Text
|
164.43 X 286.86 Ft |
|
Zoning Description
|
R3 |
https://www.realtor.ca/real-estate/29779965/755-oklahoma-drive-pickering-west-shore-west-shore
