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Investment Highlights

  • Heavy commercialized area
  • Retail amenities nearby
  • High exposure location

Executive Summary

Exceptional development opportunity on a corner lot with zoning approval for 24 townhouse units and 4 semi-detached units on a private condominium road. Each with a built-in single-car garage. Unit sizes range from 1700 Sq. Ft. to 2500 Sq.Ft. Site plan approval is near completion. The lot is approximately a 5-minute drive to Newmarket GO Station. Proximity to trails, parks, and other amenities such as dining, entertainment, and recreation facilities. Highway 404 is roughly 6 km to the property. Southlake Regional Health Centre is less than 2 km away.
UNITS: 24 Townhouses and 4 Semi-Detached
LOT SIZE: 1.77 Acres

Property Facts

Price $10,480,000 CAD
Sale Type Investment
Sale Conditions
Assemblage
  • Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Hold For Development
  • Hold For Investment
  • Master Planned Community
  • Planned Unit Development
  • Single Family Development
Total Lot Size 1.77 AC
Zoning Residential Land Use - Exceptional development opportunity on a corner lot with zoning approval for 24 townhouse units and 4 semi-detached units on a private condominium roa

1 Lot Available

Lot

Price $10,480,000 CAD
Price Per AC $5,920,903.95 CAD
Lot Size 1.77 AC

Exceptional development opportunity on a corner lot with zoning approval for 24 townhouse units and 4 semi-detached units on a private condominium road. Each with a built-in single-car garage. Unit sizes range from 1700 Sq. Ft. to 2500 Sq.Ft.

Description

Exceptional development opportunity on a corner lot with zoning approval for 24 townhouse units and 4 semi-detached units on a private condominium road. Each with a built-in single-car garage. Unit sizes range from 1700 Sq. Ft. to 2500 Sq.Ft. Site plan approval is near completion. The lot is approximately a 5-minute drive to Newmarket GO Station. Proximity to trails, parks, and other amenities such as dining, entertainment, and recreation facilities. Highway 404 is roughly 6 km to the property. Southlake Regional Health Centre is less than 2 km away. UNITS: 24 Townhouses and 4 Semi-Detached LOT SIZE: 1.77 Acres For more information, please contact Amir-Reza Bagher-Zadeh at 905.399.9787

Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
  • Listing ID: 30288415

  • Date on Market: 2023-12-05

  • Last Updated:

  • Address: 1029 Davis Dr, Newmarket, ON L3Y 2R8

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