$2,100,000
Available - For Sale
Listing ID: N8107778
175 Major Mackenzie Dr East , Richmond Hill, L4C 1H4, Ontario
| 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. |
| Extras: Investors can leverage the property's income stability, paired with the potential for increased FSI and a shift to commercial zoning, to tap into the burgeoning market and position themselves for optimal returns. |
| Price | $2,100,000 |
| Taxes: | $4909.45 |
| Address: | 175 Major Mackenzie Dr East , Richmond Hill, L4C 1H4, Ontario |
| Lot Size: | 60.06 x 140.09 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | Yonge St And Major Mackenzie |
| Rooms: | 8 |
| Rooms +: | 3 |
| Bedrooms: | 3 |
| Bedrooms +: | 1 |
| Kitchens: | 1 |
| Kitchens +: | 1 |
| Family Room: | N |
| Basement: | Apartment, Sep Entrance |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | 1 1/2 Storey |
| Exterior: | Alum Siding, Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Pvt Double |
| Drive Parking Spaces: | 8 |
| Pool: | None |
| Other Structures: | Workshop |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Hospital, Library, Public Transit, Rec Centre, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Laundry Level: | Lower |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
| Utilities-Gas: | Y |
| Utilities-Telephone: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| COLDWELL BANKER THE REAL ESTATE CENTRE |
|
|
Massey Baradaran
Broker
Dir:
416 821 0606
Bus:
905 508 9500
Fax:
905 508 9590
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At a Glance:
| Type: | Freehold - Detached |
| Area: | York |
| Municipality: | Richmond Hill |
| Neighbourhood: | Harding |
| Style: | 1 1/2 Storey |
| Lot Size: | 60.06 x 140.09(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $4,909.45 |
| Beds: | 3+1 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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