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MLS® N12046549
Newmarket, ON
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.
Inclusions
The units for sale consist of 3 properties located at 11, Main St. and 432/438 Davis dr. 11 Main St. are currently rented, with a rent roll available for review. Additionally, there are two vacant land parcels on Davis Drive available for sale . The properties are situated at a gateway location where art and distinctive urban design features are encouraged, and they are also within the Mobility Hub Area of the Transit Station.
Broker
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Commercial Retail
11 Main St (432/438 Davis) E Newmarket
Newmarket
Type
Commercial Retail
Parking
None
Property Tax
~$14,200/yr
Heating
Other
Buying Essentials
Square Feet
27459 sqft
Parking
None
Finances
List Price
$3,600,000
Price per SQFT
$131/sqft
Property Tax
~$14,200/yr
Property Specs
Property Type
Commercial Retail
MLS Size
27459 sqft
Living & Amenities
Heating Type
Other
Policies & Utilities
Neighbourhood
Newmarket
Listed On
Mar 27, 2025
Days on Market
Current: 590 days
Room information is not available for this listing.
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