$6,250,000
Available - For Sale
Listing ID: N12918188
1038 Jacarandah Drive , Newmarket, L3Y 3G8, York
| Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive. |
| Price | $6,250,000 |
| Taxes: | $10833.54 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 1038 Jacarandah Drive , Newmarket, L3Y 3G8, York |
| Postal Code: | L3Y 3G8 |
| Province/State: | York |
| Legal Description: | PART LOT 3, CONCESSION 2, EAST GWILLIMBU |
| Directions/Cross Streets: | Leslie/Green Lane E |
| 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 |
| Use: | Residential |
| Total Area: | 1.10 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| THE BEHAR GROUP REALTY INC. |
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Bikramjit Sharma
Broker
Dir:
647-295-0028
Bus:
905 456 9090
Fax:
905-456-9091
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | York |
| Municipality: | Newmarket |
| Neighbourhood: | Huron Heights-Leslie Valley |
| Tax: | $10,833.54 |
| Fireplace: | N |
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