Attention Builders and Investors: In the Heart of Pickering! Located just minutes from Frenchman's Bay West Park, with easy access to major highways and downtown Toronto. This proposed development spans 49,933.73 sq. ft. on 1.146 acres of prime land, with potential for residential or commercial use. This lot comes with draft plan approval for 27 standard townhouse units. The new owner has the opportunity to redesign the layout, including options like back-to-back townhomes, to potentially increase the total number of units. The property is currently leased to two tenants, a church and a daycare, generating a total annual rental income of $312,000. Both tenants are open to staying but have signed termination clauses, offering flexibility for future development. This site offers an exceptional opportunity for investors or developers.
Virtual Tour: https://homesphere.hd.pics/media/download2.asp?64907C749D12459FBBE73465FBE6C32A
Last updated on : Friday 6th of June 2025 11:00:36 AM
Street : 755 OKLAHOMA DRIVE
City : Pickering (West Shore)
Country : Canada
Postal Code : L1W2H4
Property ID : E12191032
Building Type : Other
Property Type : Vacant Land