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$3,900,000
Est. payment /mo
30,278 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 30,278 sqft
Price per Sqft $128
Subdivision Central Newmarket
MLS Listing ID N12301988
Annual Tax Amount $10,500
Tax Year 2024
Property Sub-Type Investment
Lot Depth 310.84
Lot Front 196.45
Property Description
This Prime Development Site At 16756 & 16764 Bayview Avenue Offers The Potential For A Five-Storey Apartment Building, With A Total Gross Floor Area Of 52,540 Sqft, Approved Under The Official Plan Amendment (June 2024). The Site Offers Convenient Access To Major Highways, Southlake Regional Hospital, Pickering College, Go Transit, And Recreational Centers Like Fairy Lake Park. Ideally Located Near The Future Mulock GO Station Hub, Making It A Strong Investment With Potential For Appreciation. The Project Includes Two Floors Of Underground Parking (Approx. 47,000 Sq. Ft.), Parking Requirements Could Be Reduced, Thanks To Its Major Transit Station Area (MTSA) Location. Zoning Provides Ample Space For A Variety Of Development Possibilities. Potential For The Building To Be Developed As A Medical Facility, Rental Building, Or Other Residential/Commercial Uses, Depending On Your Vision For The Project. This Is An Exciting Opportunity To Invest In A Rapidly Growing Area With Multiple Development Options That Ensures Strong Potential Returns For Investors And Developers. 16756 & 16764 Bayview Avenue Must Be Purchased Together.
Location
Province ON
County York
Community Central Newmarket
Area York
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 196.45
Lot Depth 310.84
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Listed by YORK NATIONAL REALTY INC.