Prime Commercial Land Next To Newkirk GO Station (MTSA) in Richmond Hill

Highlights:

• Hgh visibility and access to major arterial roads.
• Strong backing for mixed-use development next to MTSAs.
• Increasing need for diverse housing options in the rapidly growing Richmond Hill area.

Description:

Looking for Diamond in the rough?

Here is a 1.7-acre development land in City of Richmond Hill , Open to Competitive Price in the current market, Steps to Go Station
-9 Min walk (next to MTSA Area), potential for assembly of 0.7 Acre (Total of 2.4 acres).

The current IC1 zoning allows for various uses, including self-storage and industrial condos. Its designation as Residential , Next to Major Transit Station Area (MTSA) highlights strong potential for transit-oriented residential development, including affordable housing.

Key advantages include : High visibility and excellent connectivity. Massive upside for new options. Strong market demand in Richmond Hill Policy supports affordable housing This property presents a significant opportunity for developers to create impactful projects that align with community needs and leverage favorable market trends in this rapidly growing area. Seller is open to Creative Financing.

Location: Prime parcel in Richmond Hill, situated north of Major Mackenzie Drive, between Bayview Avenue and Yonge Street, with high visibility from Centre Street and Crosby Avenue (high-traffic roads)

Current Zoning: IC1 (Industrial Commercial), allowing for various development options:

Self-Storage Facility: Addresses growing demand for storage solutions.
Industrial Condominiums: Provides flexible spaces for small businesses and light industrial use.
Official Plan Designation: Classified as Residential Next To a Major Transit Station Area (MTSA),
Indicating strong potential for:
Residential Development: Supported by provincial initiatives promoting transit-oriented communities.
Affordable Rental Housing: Aligns with municipal and provincial objectives to enhance housing affordability and supply.