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$5,500,000
Available - For Sale
Listing ID: E13152226
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.
Price $5,500,000
Taxes: $68,434.94
Tax Type: Annual
Occupancy by: Tenant
Address: 755 OKLAHOMA Drive , Pickering, L1W 2H4, Durham
Postal Code: L1W 2H4
Province/State: Durham
Legal Description: PT LT 28 RANGE 3 CON BF PICKERING, PT 1
Directions/Cross Streets: Oklahoma Dr/Eyer Dr
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Designated
Total Area: 49,933.73
Total Area Code:  Square Feet
Area Influences: Major Highway   Public Transit
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sewers: Septic
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HC REALTY GROUP INC.

755 OKLAHOMA Drive , Pickering, L1W 2H4, Durham

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Land
Area: Durham
Municipality: Pickering
Neighbourhood: West Shore
Style:
Lot Size: x 286.86(Feet)
Approximate Age:
Tax: $68,434.94
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949