Newmarket Development Opportunity
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Newmarket Development Opportunity
3 Properties Offered at $4,013,908 USD in Newmarket, ON
Investment Highlights
- High exposure location
- Access to public transit and highway
- Heavy commercialized area
Executive Summary
603 Davis Drive and 18 & 22 Bolton Ave, Newmarket, ON | Centrally located Redevelopment opportunity for Seniors Residences or Residential Condo/Apartment | Property entitlements substantially complete for a six-storey seniors' residence with 96 units and a total gross floor area of 82,414 SF | Buyer can assume approvals or pursue alternative development options | Located in central Newmarket, directly adjacent to the Southlake Regional Health Centre and Medical Arts Building and a short walk from Newmarket GO station and the historic downtown Newmarket.
Property Facts
| Price | $4,013,908 USD | Number of Properties | 3 |
| Price / SF | $389.81 USD / SF | Individually For Sale | 0 |
| Sale Conditions | Redevelopment Project | Total Building Size | 10,297 SF |
| Sale Type | Investment | Total Land Area | 0.88 AC |
| Status | Active |
| Price | $4,013,908 USD |
| Price / SF | $389.81 USD / SF |
| Sale Conditions | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,297 SF |
| Total Land Area | 0.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 22 Bolton Av, Newmarket, ON L3Y 2X2 | Land | 0.12 AC | - | - |
| 18 Bolton Ave, Newmarket, ON L3Y 2R2 | Office | 3,065 SF | 1880 | - |
| 603 Davis Dr, Newmarket, ON L3Y 2P9 | Office | 7,232 SF | 1969 | - |
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Contacts
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Rene Serin -
Daniel Rogers -
Jeff Lever -
Reilly Hayhurst -
Mike Murray -
Cushman & Wakefield
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Newmarket Development Opportunity
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