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$40,000,000
Status: OFF MARKET
Attention Developers! Incredible Opportunity To Purchase 3.875 Acres For Medium Density Residential Development In Prime Location In Richmond Hill In The Famous "Oak Ridges Moraine". Located In Established Residential Area With Full Municipal Services, And Backing Onto Small Park To Be Built By Developer In Lieu Of Parkland Fees. Nearby Access To Hwy 404 & 400 With Access To The Subject Property From King Rd. The Proposed Development Is For 178 Stacked Townhome Units With A GFA Of 165,434 SF, The Land Cost In This Triple Prime Location Would Be $225,000 Per Unit. As Per Planner's Letter All Further Approvals, Including Zoning And Site Plan Approval, Are Expected To Be Received In Short Order. Opportunity For Joint Venture Offers, With Potential For Equity Financing Or Assistance With Debt Financing To Qualified Buyers.
| Property Type | :Commercial |
|---|---|
| MLS Number | :N6152736 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :19 Jun, 2023 (1059 Days ago) |
| Source | :TRREB |
| Area | :York |
|---|---|
| Postal Code | :
L4E 2W2
|
| Price | : $40,000,000 |
|---|---|
| Property Taxes | :$39000.00 |
| Tax Year | :2022 |
|---|
| Cross Street | :King Rd & Yonge St |
|---|
14 Jun, 2023
TREB #N6152736
Available
$40000000.0
