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$1,950,000
Est. payment /mo
15,650 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 15,650 sqft
Price per Sqft $124
Subdivision Central Newmarket
MLS Listing ID N12097109
Annual Tax Amount $5,000
Tax Year 2024
Property Sub-Type Investment
Lot Depth 155.42
Lot Front 101.43
Property Description
Residential Development Opportunity On Bayview Avenue In The Heart Of Newmarket! Official Plan Amendment Approved In June 2024 Allows Medium Density Development Of 16756 & 16764 Bayview Avenue Permitting An Apartment Building Up To Five Storeys! Close To All Existing Infrastructure And Public Facilities Including Major Highways, Southlake Regional Hospital, Pickering College, GO Transit, Recreational Centres, And Fairy Lake Park. Zoning By-Law R1-D In Place For Total Gross Floor Area Of 52,540 Sqft. Must Be Purchased Together With 16756 Bayview Ave (N12097113). Could Be Developed As A Rental Building! Strong Demand For Residential And Rental Units In The Area Promises Significant Returns For Investors And Developers.
Location
Province ON
County York
Community Central Newmarket
Area York
Zoning R1-D, ICBL
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 101.43
Lot Depth 155.42
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Listed by YORK NATIONAL REALTY INC.