175 Major MacKenzie Dr.
Major MacKenzie Dr., Richmond Hill, Richmond Hill, ON, L4C 1H4
Quick Summary
Quick Summary
- Property strategically located on major road in mixed-use zone in Richmond Hill
- Existing lease provides income stream for purchaser
- Potential to increase floor space index presents lucrative prospect
- Option to convert zoning to commercial to capitalize on area growth
- Can amend three-storey zoning to institutional use
- Prime investment opportunity in thriving location
- Leverage income stability and increased development potential
- Well positioned for optimal returns amid market growth
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... Show More
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. 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.
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For Sale Nearby
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