1.70 ACIndustrial / Multifamily / OtherContactSale
1.70 AC
Industrial / Multifamily / Other
Sale
Maziar moini
Home Leader Realty
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) 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.
The Property
Available Space1.70 AC
NegotiableYes
SourceDirect
The Lot
Highlights: 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. Strategic Advantages: Excellent Connectivity: High visibility and access to major arterial roads. Policy Support: Strong backing for mixed-use development next to MTSAs. Market Demand: Increasing need for diverse housing options in the rapidly growing Richmond Hill area. Opportunity: Represents a significant chance for developers to create impactful projects that meet community needs while leveraging supportive policies and market trends.
Property TypeLand
Up to $500K for Ontario businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
