$6,250,000
1038* Jacarandah DR Newmarket, ON L3Y 3G8
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$6,250,000
Est. payment /mo
1 SqFt
Active
1038* Jacarandah DR Newmarket, ON L3Y 3G8
UPDATED:
09/09/2024 08:10 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $6,250,000
MLS Listing ID N8339626
Tax Year 2024
Property Description
*Full Address is 1038 - 1040 Jacarandah Drive. The Owner has advanced a development application for the Property which contemplates a 23-unit low rise residential development with a total gross floor area of 51,302 square feet. The project specifically includes 20 semi-detached units and 3 single-family homes. A Zoning Bylaw Amendment and a Draft Plan of Subdivision were filed with the Town of Newmarket, both of which have been approved. A Site Plan Application has been submitted and is currently under review. The Property is only a 5-minute drive from either the Newmarket GO station or the East Gwillimbury GO station and just 2.0 kilometres southeast from the Davis Drive / Highway 404 interchange, providing convenient commuter access. The Property is located within an established low-rise residential neighbourhood. The majority of dwelling types within the surrounding area are single and semi-detached homes, with the subject Property being one of very few remaining development parcels in the immediate vicinity. Property is being sold under Power of Sale.
Location
Province ON
County York
Zoning Residential Area
Exterior
Utilities Available Available
Others
Security Features No
Listed by CUSHMAN & WAKEFIELD
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