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MLS® E13152226
Pickering, ON
PICKERING DEVELOPMENT SITE | DRAFT PLAN APPROVED Rare 1.146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime Pickering location. Currently generating approx. $320,000 annual rental income (5.8% return based on $5.5M asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with Frenchman's Bay and waterfront trails practically in your backyard. Exceptional location near Highway 401, GO Transit, parks, and convenient access to downtown Toronto. Draft Plan Approved Strong In-Place Cash Flow Waterfront Lifestyle Location Prime Growth Corridor Future Development UpsideRare opportunity for developers, builders, and investors.
Broker
HC REALTY GROUP INC.
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Land
755 OKLAHOMA Drive Pickering
Pickering
Type
Land
Property Tax
~$68,435/yr
Buying Essentials
Square Feet
49934 sqft
Finances
List Price
$5,500,000
Price per SQFT
$110/sqft
Property Tax
~$68,435/yr
Property Specs
Property Type
Land
MLS Size
49934 sqft
Policies & Utilities
Neighbourhood
Pickering
Listed On
May 20, 2026
Major Highway
Public Transit
Days on Market
Current: 171 days
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