175 MAJOR MACKENZIE DR E, Richmond Hill, Ontario, L4C1H4

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For sale, ID#: N8107778
175 MAJOR MACKENZIE DR E
Richmond Hill Ontario
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3 + 1 Beds
3 Bath
$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:2471)

Representatives
The Fallico Group Real Estate Broker and Sales Representatives
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
Property Details
  • Property Address: 175 MAJOR MACKENZIE DR E, Richmond Hill, Ontario, L4C1H4
  • Community Name: Harding
  • Property Type: Single Family
  • Title: Freehold
  • Lot Size: 60.06 x 140.09 FT
  • Acreage: 60.06 x 140.09 FT
  • Driveway: Detached Garage
  • Total Parking Spaces: 12
  • Amenities Nearby: Hospital, Public Transit, Schools
Structure Details
  • Structure Style: House
  • Style: Detached
  • Storeys: 1.5
  • Bedrooms: 3 + 1
  • Bathrooms: 3-Total
  • Basement Type: N/A
  • Heating Type: Natural gas, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Aluminum siding, Brick
Amenities / Features
  • Community Centre
Neighbourhood Information

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175 MAJOR MACKENZIE DR E, Richmond Hill, Ontario, L4C1H4

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