Attention Builders and Investors: In the Heart of Pickering! Located just minutes from Frenchman's Bay West Park, with easy access to major highways and downtown Toronto. This proposed development spans 49,933.73 sq. ft. on 1.146 acres of prime land, with potential for residential or commercial use. This lot comes with draft plan approval for 27 standard townhouse units. The new owner has the opportunity to redesign the layout, including options like back-to-back townhomes, to potentially increase the total number of units. The property is currently leased to two tenants, a church and a daycare, generating a total annual rental income of $312,000. Both tenants are open to staying but have signed termination clauses, offering flexibility for future development. This site offers an exceptional opportunity for investors or developers. (id:35544)
| MLS® Number | E12191032 |
| Property Type | Vacant Land |
| Neigbourhood | Fairport Beach |
| Community Name | West Shore |
| AmenitiesNearBy | Highway, Public Transit |
| SizeInterior | 49934 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| Sewer | Septic System |
| SizeDepth | 286 Ft ,10 In |
| SizeFrontage | 164 Ft ,5 In |
| SizeIrregular | 164.43 X 286.86 Ft |
| SizeTotalText | 164.43 X 286.86 Ft |
| ZoningDescription | R3 |
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