Prime 1.7 Ac Development Opportunity In Richmond Hill Next To Mtsa

$1

For Sale: Land, Industrial in Richmond Hill, ON

Maziar Moini

ProRealtor

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Listing Details

Description

Looking for Diamond in the rough? Here is a 1.7-acre development land in City of Richmond Hill , Open to Competitive Price in the current market, Steps to Go Station -9 Min walk (MTSA) Area, potential for assembly of 0.7 Acre (Total of 2.4 acres). The current IC1 zoning allows for various uses, including self-storage and industrial condos. Its designation as Residential , Next to Major Transit Station Area (MTSA) highlights strong potential for transit-oriented residential development, including affordable housing. Key advantages include : High visibility and excellent connectivity. Massive upside for new options. Strong market demand in Richmond Hill Policy supports affordable housing This property presents a significant opportunity for developers to create impactful projects that align with community needs and leverage favorable market trends in this rapidly growing area. Seller is open to Creative Financing. Highlights: 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 close 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.

Location & nearby

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

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