Property Detail

1038 Jacarandah Drive, Newmarket, ON L3Y 3G8 (Leslie/Green Lane E)

Price : $6,250,000.00 , MLS®# : N12918188

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Judge Kirupairajah
Description

Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive.

Location Description

Leslie/Green Lane E

Property Details
  • Community: Huron Heights-Leslie Valley
  • Property Type: Vacant/Commercial
  • Annual Property Taxes : $ 10833.54
Building Features
Building Features
  • Sewer : Sanitary+Storm ,
  • Cooling :
Land (Lot Features)
  • Frontage: 140.33 sq.ft
  • Land Depth: 354sq.ft

Listing Contracted With: THE BEHAR GROUP REALTY INC.