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N7330886
$5,888,800

11/13 Main St E (Davis And Main St.)

Price: $5,888,800

Status: For Sale 

MLS®#: N7330886

$5,888,800
  • Tax: $12,000 (2022)
  • Community:Central Newmarket
  • City:Newmarket
  • Type:Residential
  • Style:Multiplex (Other)
  • Basement:Other
  • Garage:Other

Features:

  • ExteriorOther
  • HeatingOther
  • Sewer/Water SystemsSewers, Municipal

Listing Contracted With: ROYAL LEPAGE YOUR COMMUNITY REALTY

Description

Attention Developers/Investors Very Rare Opportunity To Own An Assembly Of Lands Located Within The Urban Centres Secondary Plan. This Plan Identifies That The Subject Properties Are Located Within The Davis Drive Character Area. Subject Lands Permits Low To Mid-rise Residential, Retail, Office, Live-work, Places Of Entertainment And Post Secondary Facilities. Building Heights Permitted From 3 To 8 Storeys With Densities Of 1.5 To 2.0 FSI. With Bonusing, Heights Can Be Increased To 10 Storeys. Units Consist Of 7 Properties. 11/13/15/21 Main St And 432/438 Davis Dr. All Main St. Properties Are Rented. Rent Roll Available. Two Parcels On Davis Are Vacant Land.


Highlights

Total Rent Created $17,391 Per Month. The Properties Are Located At A Gateway Location Where Art And Distinctive Urban Design Features Are Encouraged. The Lands Are Also Within The Mobility Hub Area Of The Transit Station.

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Barbara Di Censo

B.A.(Hons), SRS, Broker

Royal LePage Your Community Inc., Brokerage

Trusted in Real Estate Since 1998 | Experience the Strategic Selling/Buying Difference

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