175 Major Mackenzie Dr E Richmond Hill, Ontario L4C 1H4
$2,100,000
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. (id:47351)
Property Details
| MLS® Number | N8107778 |
| Property Type | Single Family |
| Community Name | Harding |
| Amenities Near By | Hospital, Public Transit, Schools |
| Community Features | Community Centre |
| Parking Space Total | 12 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | House |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Size Irregular | 60.06 X 140.09 Ft |
| Size Total Text | 60.06 X 140.09 Ft |
Utilities
| Sewer | Installed |
| Natural Gas | Installed |
| Electricity | Installed |
| Cable | Installed |
https://www.realtor.ca/real-estate/26573256/175-major-mackenzie-dr-e-richmond-hill-harding
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April 04 2024 01:23:53
Toronto Real Estate Board
Coldwell Banker The Real Estate Centre, Keller Williams Portfolio Realty