Description

Hello Developers and Investors, excited to bring to your attention a very rare opportunity to own an assembly of lands located within the Urban Centres Secondary Plan. This plan identifies that the subject properties are within the Davis Drive Character Area, which permits a variety of uses including low to mid-rise residential, retail, office, live-work, places of entertainment, and post-secondary facilities. Building heights are permitted to range from 3 to 8 storeys, with densities of 1.5 to 2.0 FSI. Additionally, with bonusing, heights can be increased to 10 storeys. (id:66096)

Property Details

MLS®: N12046549
Property Type: Retail
Zoning: RESIDENTIAL/COMMERCIAL
Interior Size: 27,459 ft²
Lot Size: 243 × 113 ft (27,459 sq ft)
Frontage: 243 ft
Heating: Other
Cooling: Fully air conditioned
Property Tax: $14,200/yr
Listed: 587 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

587d

Newmarket (Central Newmarket) listings, avg age

72d

Price / ft²

$131

List price

$3.60M

Homes here sell faster than most markets

Sold homes in this market spent an average of 30 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This retail in Newmarket (Central Newmarket) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (L3Y)

This home lists at $3,600,000, about 38.7× the local median household income of $93,000.

Carrying it typically needs a household income of about $703,206 (20% down, 25-yr amortization, stress-tested) — roughly 656% above the area median.

Median household income: $93,000
Population: 43,556
Median age: 45.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3Y)

$3,600,000· $131/ft²

For sale

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Financing

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11 Main St (432/438 Davis), Newmarket (Central Newmarket) - Retail for Sale