175 Major Mackenzie Dr E, Richmond Hill
175 Major Mackenzie Dr E, Richmond Hill
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12 Photos
- Bedrooms: 4
- Bathrooms: 3
- MLS®: n8107778
- Type: Residential
- Added: 64 days ago
Property Details
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.
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Property Information
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Stories: 1.5
- Basement: Apartment in basement, Separate entrance, N/A
- Utilities: Sewer, Natural Gas, Electricity, Cable
- Photos Count: 12
- Parking Total: 12
- Bedrooms Total: 4
- Structure Type: House
- Common Interest: Freehold
- Parking Features: Detached Garage
- Street Dir Suffix: East
- Tax Annual Amount: 4909.45
- Exterior Features: Brick, Aluminum siding
- Community Features: Community Centre
- Lot Size Dimensions: 60.06 x 140.09 FT
- 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:1945)
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