Listed by Coldwell Banker The Real Estate Centre.

175 Major Mackenzie Drive E is a Detached, 1 1/2 Storey and is currently for Sale @ $2,100,000. Taxes in 2024 were $4,909.45.

More homes for sale under 2.1M in Richmond Hill

Exciting real estate opportunity on Major Mackenzie Dr. The 1 1/2 Storey on 175 Major Mackenzie Drive E has 3 bedrooms, 3 bathrooms, and is located on a 140.09 x 60.06 ft loton < .50 acres in the community of Harding . 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.

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.

The address 175 Major Mackenzie Drive E was listed for sale (MLS# N8107778) on Friday, March 01, 2024.