2.7 Acre Ish Commercial Land In The Hart Of Richmond Hill

$1

For Sale: Land in Richmond Hill, ON

Maziar Moini

Realtor

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Listing Details

Description

2.7 Acre ish commercial land in the hart of Richmond hill,in a VERY strategic location for certain business which they want to use the CN rail as their back bone The interesting part pay for 1.7 AC & get to have a control & future ownership of2.7 AC. Thriving industrial sector needs new supply to meet heightened demand Potential for Self Storage and or Commercial / Industrial Condo could be an option While the city is encouraging for residential development!!! The Affordable Rental building would be one of the highest possibilities Three of the 4 lands have been merged into a decent land, zoned IC-1 but Low Density Residential by Official Plan. The owner is in the process of Severance to exercise our purchase option in the lease, Slower process during Covid. Furthermore , because subject property is within 500m of Go Station, Ontario has instructed all cities to permit Hi Rise in them. Richmond Hill has dedicated south of Centre St., east of Railway as the Go Station Intensification Area, which excludes us and many other lands within said 500m. So we have proposed to be included. We should not do any planning or development now, as the chance of obtaining High Rise is good, via the City, if not via the Land Tribunal, Minister of Housing or spending tons on engineering and planning studies supporting our demand.

Location & nearby

This listing is located in Richmond Hill, ON L4C 1A5

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