MLS#: E13152226Listed: 26 days agoUpdated:26 days ago
Description
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:63050)
Details
Details for 755 Oklahoma Drive, Pickering West Shore, Ontario
Property Type
Vacant Land
Building Type
-
Storeys
-
Neighborhood
West Shore
Land Size
164.43 x 286.86 FT
Year Built
-
Annual Property Taxes
$68,435
Parking Type
-
Inside
Appliances
-
Rooms
-
Bedrooms
-
Bathrooms
0
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Oklahoma Dr/Eyer Dr
Type of Dwelling
-
Roof
-
Exterior
-
Foundation
-
Flooring
-
Land
Sewer
Septic System
Lot Size
164.43 x 286.86 FT
Zoning
-
Zoning Description
R3
Parking
Features
-
Total Parking
-
Utilities
Cooling
-
Heating
-
Water
Municipal water
Feature Highlights
Community
-
Lot Features
-
Security
-
Pool
-
Waterfront
-
Rooms
Rooms for 755 Oklahoma Drive, Pickering West Shore, Ontario