Property Details: - Type: Land - Bedrooms: 0 - Bathrooms: 0 - MLS#: E13152226 Listed By: HC REALTY GROUP INC.
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. This land home located at 755 Oklahoma Drive, Pickering is currently for sale and has been available on Zolo.ca for 0 day. This property is listed at $5,500,000 with an estimated mortgage of $20,244* per month. It has beds, bathrooms, and is 49,934 square feet. 755 Oklahoma Drive, Pickering is in the West Shore neighborhood Pickering. Woodlands, Dunbarton and Amberlea are nearby neighborhoods.
