9
See all 9 photos
$5,500,000
Est. payment /mo
49,934 SqFt
Active
755 OKLAHOMA DRIVE Pickering (west Shore), ON L1W2H4
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Approx. Sqft 49934
Square Footage 49,934 sqft
Price per Sqft $110
Subdivision West Shore
MLS® Listing ID E13152226
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Septic System
Listed by HC REALTY GROUP INC.
Nearby Locations
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