1.7 Acre ish commercial land in the hart of Richmond hill, Next to NewKirk Go Station (MTSA) Area
at 189 Centre Street E, Richmond Hill
(416) 599-9599 x150 (Office)
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) 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.
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.
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Maziar Moini Broker of Record
Home Leader Realty Inc.
Home Leader Realty Inc Offer Best Incentives First Access Best Unit VIP Prices
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900
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