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- LoopNet Team
4326 19th Av
Markham, ON L6C 1M2
Land For Sale
·
7.95 AC
INVESTMENT HIGHLIGHTS
- Whitebelt Land in Markham
- Minutes to Highway #404
- Future Urban Development Area
PROPERTY FACTS
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Residential | Total Lot Size | 7.95 AC |
| Zoning | RR4 - RR4 Residential NOT in Oak Ridges Moraine NOT in the Greenbelt | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 7.95 AC |
| Zoning | RR4 - RR4 Residential NOT in Oak Ridges Moraine NOT in the Greenbelt |
DESCRIPTION
The subject Property is located between Warden Ave and Kennedy Road, on the north side of 19th Ave, minutes to Highway #404 and #407. This property offers 7.95 Acres with a 3 bedroom detached house, generating Rental Income of $19,200/year. Currently the rear portion of the property is being farmed by a farmer and hence the property taxes are subsidized to $687/year. Note that the subject land is located within the WHITEBELT and therefore open to the possibility for FUTURE DEVELOPMENT. The Region of York recently amended their Official Plan to identify this property as being located within the "Urban Area" of the Region. Eventually, with time, the City will need to amend its Official Plan to reflect the Region's designation.
