11 Main St (432/438 Davis) N/A For Sale

Newmarket, Central Newmarket, L3Y 3Y1

$3,600,000

Description

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY.

Hello Developers and Investors, excited to bring to your attention a very rare opportunity to own an assembly of lands located within the Urban Centres Secondary Plan. This plan identifies that the subject properties are within the Davis Drive Character Area, which permits a variety of uses including low to mid-rise residential, retail, office, live-work, places of entertainment, and post-secondary facilities. Building heights are permitted to range from 3 to 8 storeys, with densities of 1.5 to 2.0 FSI. Additionally, with bonusing, heights can be increased to 10 storeys.

The units for sale consist of 3 properties located at 11, Main St. and 432/438 Davis dr. 11 Main St. are currently rented, with a rent roll available for review. Additionally, there are two vacant land parcels on Davis Drive available for sale . The properties are situated at a gateway location where art and distinctive urban design features are encouraged, and they are also within the Mobility Hub Area of the Transit Station.

Location

View Map
  • Address: 11 Main St (432/438 Davis) N/A
  • Neighborhood: Central Newmarket
  • City: Newmarket
  • State: Ontario
  • Postal Code: L3Y 3Y1

Property Details

  • Property ID: N12046549
  • Property Price: $3,600,000
  • Style: Commercial/Retail, Multi-Use
  • Sq/Ft: 27459
  • A/C: Y
  • Basement: Y
  • Heating: Other
  • Taxes: $14,200.00 (2024)
  • Lot: 113x243 (Feet) - Y

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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