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$2,100,000
Available - For Sale
Listing ID: N8107778
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.
Price $2,100,000
Taxes: $4,909.45
Address: 175 Major Mackenzie Dr East , Richmond Hill, L4C 1H4, Ontario
Lot Size: 60.06 x 140.09 (Feet)
Acreage: < .50
Directions/Cross Streets: Yonge St And Major Mackenzie
Rooms: 8
Rooms +: 3
Bedrooms: 3
Bedrooms +: 1
Washrooms: 3
Kitchens: 1
Kitchens +: 1
Family Room: N
Basement: Apartment
Sep Entrance
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  2 Main
Washroom 3:  3 Bsmt
Property Type: Detached
Style: 1 1/2 Storey
Exterior: Alum Siding
Brick
Garage Type: Detached
(Parking/)Drive: Pvt Double
Drive Parking Spaces: 8
Pool: None
Other Structures: Workshop
Approximatly Age: 51-99
Approximatly Square Footage: 1100-1500
Property Features: Hospital
Library
Public Transit
Rec Centre
School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Lower
Sewers: Sewers
Water: Municipal
Utilities-Cable: Y
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: Y
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COLDWELL BANKER THE REAL ESTATE CENTRE

175 Major Mackenzie Dr East , Richmond Hill, L4C 1H4, Ontario

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: York
Municipality: Richmond Hill
Neighbourhood: Harding
Style: 1 1/2 Storey
Lot Size: 60.06 x 140.09(Feet)
Approximate Age: 51-99
Tax: $4,909.45
Maintenance Fee: $0
Beds: 3+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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