Commercial property featuring a large asphalt parking area and a flat-roof structure Features: residential view, water view More Photos

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    For Sale - 755 OKLAHOMA Drive, Pickering, Ontario

    Est payment $26,410/mo
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    Views   8
    Time on Jump  44 day

    AI Summary *

    • Draft plan approved for 27 townhouse units on a large 1.146-acre site.
    • Current rental income of approximately $320,000 annually from existing tenants.
    • Close proximity to waterfront trails and lake for outdoor activities.
    • Convenient access to Highway 401, GO Transit, and downtown Toronto.
    • Flexibility to redesign and increase unit count for future development.




    Pickering development site | draft plan approved rare 1. 146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime pickering location. Currently generating approx. $320,000 annual rental income (5. 8% return based on $5. 5m asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with frenchman's bay and waterfront trails practically in your backyard. Exceptional location near highway 401, go transit, parks, and convenient access to downtown toronto. Draft plan approved strong in-place cash flow waterfront lifestyle location prime growth corridor future development upsiderare opportunity for developers, builders, and investors.
    Listing IDE13152226
    Address755 OKLAHOMA Drive
    CityPickering, Ontario
    Price$5,500,000
    StyleLand
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Major Highway, Public TransitSewer Septic

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    Listing Agency:  HC REALTY GROUP INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    755 Oklahoma Drive
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