$5,500,000
Available - For Sale
Listing ID: E13152226
755 OKLAHOMA Drive , Pickering, L1W 2H4, Durham
| PICKERING DEVELOPMENT SITE | DRAFT PLAN APPROVED Rare 1.146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime Pickering location. Currently generating approx. $320,000 annual rental income (5.8% return based on $5.5M asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with Frenchman's Bay and waterfront trails practically in your backyard. Exceptional location near Highway 401, GO Transit, parks, and convenient access to downtown Toronto. Draft Plan Approved Strong In-Place Cash Flow Waterfront Lifestyle Location Prime Growth Corridor Future Development UpsideRare opportunity for developers, builders, and investors. |
| Price | $5,500,000 |
| Taxes: | $68434.94 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 755 OKLAHOMA Drive , Pickering, L1W 2H4, Durham |
| Postal Code: | L1W 2H4 |
| Province/State: | Durham |
| Legal Description: | PT LT 28 RANGE 3 CON BF PICKERING, PT 1 |
| Directions/Cross Streets: | Oklahoma Dr/Eyer Dr |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 49933.73 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Washrooms: | 0 |
| Sewers: | Septic |
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| HC REALTY GROUP INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Durham |
| Municipality: | Pickering |
| Neighbourhood: | West Shore |
| Tax: | $68,434.94 |
| Fireplace: | N |
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