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$1,899,999
Available - For Sale
Listing ID: N8383582
Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On. The property is near Yonge St, Mackenzie Health Hospital, Central Library, public transit routes (both the Rapid Transit and the GO Transit), community amenities, notably the central downtown core of the city, and between two major highways. 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 an 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 $1,899,999
Taxes: $4,909.45
Address: 175 Major Mackenzie Dr East , Richmond Hill, L4C 1H4, Ontario
Lot Size: 60.06 x 140.09 (Feet)
Directions/Cross Streets: Yonge St And Major Mackenzie Dr E
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: Bungalow
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
Level
Library
Park
Public Transit
School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Laundry Level: Lower
Sewers: Sewers
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COLDWELL BANKER THE REAL ESTATE CENTRE

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


 
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At a Glance:
Type: Freehold - Detached
Area: York
Municipality: Richmond Hill
Neighbourhood: Harding
Style: Bungalow
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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