1038-1040 Jacarandah Dr - 1040 Jacarandah Drive Newmarket
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1038-1040 Jacarandah Dr - 1040 Jacarandah Drive Newmarket
1.12 Acres of Residential Land Offered at £3,364,828 in Newmarket, ON L3Y 3G8
INVESTMENT HIGHLIGHTS
- High exposure location
- Retail amenities nearby
- Access to public transit and highway
- Development Land
EXECUTIVE SUMMARY
Full Address is 1038 - 1040 Jacarandah Drive. The Owner has advanced a development application for the Property which contemplates a 23-unit low rise residential development with a total gross floor area of 51,302 square feet. The project specifically includes 20 semi-detached units and 3 single-family homes. A Zoning Bylaw Amendment and a Draft Plan of Subdivision were filed with the Town of Newmarket, both of which have been approved. A Site Plan Application has been submitted and is currently under review. The Property is only a 5-minute drive from either the Newmarket GO station or the East Gwillimbury GO station and just 2.0 kilometres southeast from the Davis Drive / Highway 404 interchange, providing convenient commuter access. The Property is located within an established low-rise residential neighbourhood. The majority of dwelling types within the surrounding area are single and semi-detached homes, with the subject Property being one of very few remaining development parcels in the immediate vicinity. Property is being sold under Power of Sale.
PROPERTY FACTS
| Price | £3,364,828 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.12 AC |
| Price | £3,364,828 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.12 AC |
1 LOT AVAILABLE
Lot 1
| Price | £3,364,828 | Lot Size | 1.12 AC |
| Price Per AC | £3,004,310.81 |
| Price | £3,364,828 |
| Price Per AC | £3,004,310.81 |
| Lot Size | 1.12 AC |
The Owner has advanced a development application for the Property which contemplates a 23-unit low rise residential development with a total gross floor area of 51,302 square feet.
DESCRIPTION
Commercial development lot located in Newmarket, Ontario.
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ZONING
| Zoning Code | ICBL |
| ICBL |
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1038-1040 Jacarandah Dr - 1040 Jacarandah Drive Newmarket
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