1038 Jacarandah Drive, Newmarket, ON, L3Y 3G8

Property Details: - Type: Land - Bedrooms: 0 - Bathrooms: 0 - MLS#: N12918188 Listed By: THE BEHAR GROUP REALTY INC.

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. This land home located at 1038 Jacarandah Drive, Newmarket is currently for sale and has been available on Zolo.ca for 0 day. This property is listed at $6,250,000 with an estimated mortgage of $23,005* per month. It has beds, bathrooms, and is 1 square feet. 1038 Jacarandah Drive, Newmarket is in the Huron Heights-Leslie Valley neighborhood Newmarket. Stonehaven-Wyndham, Rural King and Central Newmarket are nearby neighborhoods.