$2,100,000 $11,273 est/mo Sourced by Back At You

175 Major Mackenzie Dr E,Richmond Hill, ON L4C 1H4

Richmond Hill ON, L4C 1H4

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Description

Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On.The property, strategically situated on a major arterial road within the local mixed-use zone, aligns seamlessly with the official plan. Currently zoned RM3, there exists a compelling prospect to enhance the Floor Space Index (FSI). Moreover, the potential to convert the zoning to commercial presents a lucrative avenue to capitalize on the substantial growth unfolding in the area.One key advantage is the property's current lease at market price, providing a income stream for the purchaser. This financial cushion facilitates a seamless initiation of the rezoning process and the creation of a draft plan, ensuring a prudent and financially viable strategy. The existing three-storey zoning can be strategically amended to institutional use, unlocking a myriad of diverse possibilities for the property. Don't miss the chance to be part of the growth narrative and secure a prime investment in this thriving location.

Details

MLS#N8107778
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site78
Listing Provided ByCOLDWELL BANKER THE REAL ESTATE CENTRE | BackAtYou

Features

Bed(s)3
Bath(s)3
Garage4
BasementY
ZoningRM3
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 3 hours ago
ProvinceON
CountyRichmond Hill
CityRichmond Hill
Postal CodeL4C 1H4
AreaYork
Community NameHarding
Listing VS Median (in Harding)
Price:
$2,100,000
low | high
Med:
$0
On Site:
78
low | high
Med:
Sourced by Back At You
Listing Updated: April 19, 2024 at 9:52:07 PM PDT