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189 Centre St - Richmond hill Development Land-Bayview-Centre

1.7 Acres of Residential Land in Richmond Hill, ON L4C 1A5

Investment Highlights

  • Priced below the market
  • strategic location
  • pay for 1.7 acre and control 2.4 acre land
  • Many upsides

Executive Summary

Location: Prime parcel in Richmond Hill, situated north of Major Mackenzie Drive, between Bayview Avenue and Yonge Street, with high visibility from Centre Street and Crosby Avenue (high-traffic roads)
Current Zoning: IC1 (Industrial Commercial), allowing for various development options:
Self-Storage Facility: Addresses growing demand for storage solutions.
Industrial Condominiums: Provides flexible spaces for small businesses and light industrial use.
Official Plan Designation: Classified as Residential Next To a Major Transit Station Area (MTSA), indicating strong potential for:
Residential Development: Supported by provincial initiatives promoting transit-oriented communities.
Affordable Rental Housing: Aligns with municipal and provincial objectives to enhance housing affordability and supply.
Strategic Advantages:
Excellent Connectivity: High visibility and access to major arterial roads.
Policy Support: Strong backing for mixed-use development next to MTSAs.
Market Demand: Increasing need for diverse housing options in the rapidly growing Richmond Hill area.
Opportunity: Represents a significant chance for developers to create impactful projects that meet community needs while leveraging supportive policies and market trends.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Building Class B
Total Lot Size 1.70 AC

1 Lot Available

Lot

Lot Size 1.70 AC

1.7 Acre ish commercial land in the hart of Richmond hill next to NewKirk Go Station ( MTSA ) Area The interesting part pay for 1.7 AC (Potential Assembly upto 2.4 AC)

Description

Richmond Hill considers intensification at Newkirk Business Park, GO Station : https://www.yorkregion.com/news-story/9748486-richmond-hill-considers-intensification-at-newkirk-business-park-go-station/ Newkirk GO Station lands steps away

Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code Industrial (Official plan: Residential , Zoning IC1)
Industrial (Official plan: Residential , Zoning IC1)
  • Listing ID: 34170870

  • Date on Market: 3/6/2018

  • Last Updated:

  • Address: 189 Centre St, Richmond Hill, ON L4C 1A5

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