Residential Development Opportunity On Bayview Avenue In The Heart Of Newmarket! Official Plan Amendment Approved In June 2024 Allows Medium Density Development Of 16756 & 16764 Bayview Avenue Permitting An Apartment Building Up To Five Storeys! Close To All Existing Infrastructure And Public Facilities Including Major Highways, Southlake Regional Hospital, Pickering College, GO Transit, Recreational Centres, And Fairy Lake Park. Zoning By-Law R1-D In Place For Total Gross Floor Area Of 52,540 Sqft. Must Be Purchased Together With 16764 Bayview (N12097109). Could Be Developed As A Rental Building! Strong Demand For Residential And Rental Units In The Area Promises Significant Returns For Investors And Developers.
Address
16756 Bayview Avenue
List Price
$1,950,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Newmarket
Sub-Area
Central Newmarket
County
York
Lot Depth
155.42
Lot Type
Lot
Lot Size Units
Feet
Lot Width
95.02
MLS® Number
N12097113
Listing Brokerage
YORK NATIONAL REALTY INC.
Postal Code
L3Y 3W9
Tax Amount
$5,500.00
Tax Year
2024
Community Features
Public Transit, Recreation/Community Centre
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Covered