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West Shore · L1W 2H4
$5,500,000
MLS® #E13152226
About This Property
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.
General Information
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Estimated monthly payment
$27,020
Down payment: $1,100,000 · Loan: $4,400,000
Estimate only. Actual rates and payments vary by lender.
Listing Information
Listing courtesy of:
HC REALTY GROUP INC.
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The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 20, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.