$1,899,999
( )
 $10,200 est/mo Sourced by Back At You

175 Major Mackenzie Dr E , Richmond Hill, ON L4C 1H4

Richmond Hill, ON L4C 1H4

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Description

Lucrative real estate investment opportunity on Major Mackenzie Dr. E in Richmond Hill, ON, in the heart of the City, close to current High-Density Residential Construction. The property, strategically situated on a major arterial road intersecting Yonge St, within the Local Mixed-Use Zone, aligns seamlessly with the official plan. Transit and proximity to two highways make this property quite desirable in the investment and building space. Currently zoned RM3, there exists a compelling prospect to enhance the Floor Space Index (FSI). Moreover, the potential to convert the zoning to commercial presents a lucrative avenue to capitalize on the substantial growth unfolding in the area. One key advantage is the property's current lease at market price, providing an income stream for the purchaser. This financial cushion facilitates a seamless initiation of the rezoning process and the creation of a draft plan, ensuring a prudent and financially viable strategy. The existing three-storey zoning can be strategically amended to institutional use, and mid-density housing unlocks a myriad of diverse possibilities for the property. Don't miss the chance to be part of the growth narrative and secure a prime investment in this thriving location.

Details

MLS#N8383618
Listing TypeFor Sale
StyleOther
Sub-TypeResale
StatusActive
Days On Site167
Listing Provided ByCOLDWELL BANKER THE REAL ESTATE CENTRE | ROY CADO

Features

Bath(s)3
BasementY
ZoningRM3
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 5 minutes ago
ProvinceON
CountyRichmond Hill
CityRichmond Hill
Postal CodeL4C 1H4
AreaYork
Community NameHarding
Listing VS Median (in Harding)
Price:
$1,899,999
low | high
Med:
$0
On Site:
167
low | high
Med:
Sourced by Back At You
Listing Updated: June 9, 2024 at 4:48:39 PM PDT