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175 Major Mackenzie Drive E Richmond Hill, Ontario L4C 1H4

4 Bedroom 3 Bathroom
Central Air Conditioning Forced Air

$2,100,000

Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On.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 a 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. (id:52710)

Property Details

MLS® Number N8107778
Property Type Single Family
Community Name Harding
Amenities Near By Public Transit, Schools, Hospital
Community Features Community Centre
Features Level
Parking Space Total 12

Building

Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Basement Features Apartment In Basement, Separate Entrance
Basement Type N/a
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Public Transit, Schools, Hospital
Sewer Sanitary Sewer
Size Irregular 60.06 X 140.09 Ft
Size Total Text 60.06 X 140.09 Ft|under 1/2 Acre

Utilities

Sewer Installed
Cable Installed

https://www.realtor.ca/real-estate/26573256/175-major-mackenzie-drive-e-richmond-hill-harding

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