175 Major Mackenzie Drive E Richmond Hill, Ontario - MLS#: N8107778

$2,100,000

Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On.The property, strategically situated on a major arterial road within the local mixed-use zone, aligns seamlessly with the official plan. Currently zoned RM3, there exists a compelling prospect to enhance the Floor Space Index (FSI). Moreover, the potential to convert the zoning to commercial presents a lucrative avenue to capitalize on the substantial growth unfolding in the area.One key advantage is the property's current lease at market price, providing a income stream for the purchaser. This financial cushion facilitates a seamless initiation of the rezoning process and the creation of a draft plan, ensuring a prudent and financially viable strategy. The existing three-storey zoning can be strategically amended to institutional use, unlocking a myriad of diverse possibilities for the property. Don't miss the chance to be part of the growth narrative and secure a prime investment in this thriving location. **** EXTRAS **** Investors can leverage the property's income stability, paired with the potential for increased FSI and a shift to commercial zoning, to tap into the burgeoning market and position themselves for optimal returns. (id:51158)

MLS# N8107778 – FOR SALE : 175 Major Mackenzie Dr E Harding Richmond Hill – 4 Beds, 3 Baths Detached House ** Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On.The property, strategically situated on a major arterial road within the local mixed-use zone, aligns seamlessly with the official plan. Currently zoned RM3, there exists a compelling prospect to enhance the Floor Space Index (FSI). Moreover, the potential to convert the zoning to commercial presents a lucrative avenue to capitalize on the substantial growth unfolding in the area.One key advantage is the property’s current lease at market price, providing a income stream for the purchaser. This financial cushion facilitates a seamless initiation of the rezoning process and the creation of a draft plan, ensuring a prudent and financially viable strategy. The existing three-storey zoning can be strategically amended to institutional use, unlocking a myriad of diverse possibilities for the property. Don’t miss the chance to be part of the growth narrative and secure a prime investment in this thriving location.**** EXTRAS **** Investors can leverage the property’s income stability, paired with the potential for increased FSI and a shift to commercial zoning, to tap into the burgeoning market and position themselves for optimal returns. (id:51158) ** 175 Major Mackenzie Dr E Harding Richmond Hill **

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Property Details

MLS® Number	N8107778
Property Type	Single Family
Community Name	Harding
Amenities Near By	Public Transit, Schools, Hospital
Community Features	Community Centre
Features	Level
Parking Space Total	12

About 175 Major Mackenzie Drive E, Richmond Hill, Ontario

Building

Bathroom Total	3
Bedrooms Above Ground	3
Bedrooms Below Ground	1
Bedrooms Total	4
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding, Brick
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage

Land

Acreage	No
Land Amenities	Public Transit, Schools, Hospital
Sewer	Sanitary Sewer
Size Irregular	60.06 X 140.09 Ft
Size Total Text	60.06 X 140.09 Ft|under 1/2 Acre

Utilities

Sewer	Installed
Cable	Installed

https://www.realtor.ca/real-estate/26573256/175-major-mackenzie-drive-e-richmond-hill-harding