$1,950,000
Pickering
1144 Kingston Road, Pickering (Town Centre), Ontario, L1V2W9
This lot in Pickering is for sale. It has been on the market 22 days, fresher than the Pickering average of 37 days.
Rare 20,742 sf (0.48 acre) development site on the north side of Kingston Road in Pickering's City Centre corridor, with 90.34 ft of frontage on a Regional arterial. Site-specific zoning is already in place: By-law 7432/15 zones the land MU-27, permitting medical office, office and retail store to a maximum 810 sq m gross floor area over two storeys. Municipal water, sanitary and storm services are in Kingston Road. The property is sold with the full development package assembled over four site plan submissions (City File S07/14): architectural drawings for a two-storey, 8,478 sf medical and commercial building with 31 surface parking stalls; civil and servicing design reviewed by the Region of Durham; landscape; photometric; a signed and stamped transportation assessment; a Phase I Environmental Site Assessment with Regional reliance; survey, topographic survey and draft reference plan. Site plan approval was not finalized and the 2016 minor variance has lapsed - the buyer completes the remaining approvals. Designated Mixed-Use Areas - Mixed Corridors in the Official Plan, permitting a floor space index up to 2.5, with the Kingston Road corridor identified for intensification. Access is right-in from Kingston Road with egress east to Walnut Lane over an easement the neighbouring owner is obliged to grant under its own registered site plan agreement. Easements for the Regional sanitary extension, reciprocal access and a future Kingston Road widening are set out on the draft reference plan. Minutes to Highway 401, Pickering GO Station and Pickering Town Centre. Buyer to satisfy itself as to permitted uses, servicing and development approvals. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 37 days across the listings currently for sale in this city
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.
Homes here sell close to asking price
Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This vacant land in Pickering (Town Centre) has been listed for 22 days, which is 15 days fresher than the city average of 37. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,950,000, about 16.5× the local median household income of $118,000.
Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 223% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1V)
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