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$ 6,250,000
Est. payment | /mo
$ 6,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Huron Heights-Leslie Valley
MLS Listing ID N12918188
Annual Tax Amount $10,833
Tax Year 2025
Property Sub-Type Land
Property Description
Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive.
Location
Province ON
County York
Area York
Exterior
Utilities Available Yes
Lot Frontage 140.33
Lot Depth 354.0
Others
ParcelsYN No
Listed by THE BEHAR GROUP REALTY INC.
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