$ 1,899,999
175 Major Mackenzie Drive East
Supermarket Costco GoTrain

175 Major Mackenzie Drive East

Detached
Richmond Hill, Ontario L4C 1H4
3+1 3 1+1 4+8(12) 1100-1500 sqft
3+1 3 1+1 4+8(12)
1100-1500 sqft
$ 1,899,999
Sale
Taxes $4,909 2024
Maintenance None
Estimated Monthly Mortgage $4931
Estimated Closing Costs $--
Supermarket Costco GoTrain

History

MLS®# N8383582

MLS®# N8383582

2024.05.29 New $1,899,999

Other Records

2024.03.01 - 2024.05.28 MLS®# N8107778 Terminated $2,100,000
2023.05.08 - 2023.09.09 MLS®# N5961752 Expired $1,900,000
2022.08.13 - 2022.08.13 MLS®# N5717238 Terminated
2022.08.02 - 2022.08.13 MLS®# N5717302 Terminated $1,900,000
2022.08.12 - 2022.08.12 MLS®# N5647153 Terminated
2022.08.02 - 2022.08.02 MLS®# N5642697 Terminated
2022.06.13 - 2022.08.02 MLS®# N5656788 Terminated $2,499,000
2022.06.13 - 2022.06.27 MLS®# N5657787 Terminated $3,200
2022.06.13 - 2022.06.13 MLS®# N5656946 Terminated $4,000
2022.06.13 - 2022.06.13 MLS®# N5656887 Terminated $3,200
2022.06.01 - 2022.06.01 MLS®# N5554285 Terminated
2022.03.29 - 2022.06.01 MLS®# N5554334 Expired $2,499,000
2022.03.23 - 2022.03.23 MLS®# N5459596 Terminated
2021.12.21 - 2022.03.23 MLS®# N5459601 Expired $2,999,888

Details

Interior Rooms
MLS®#
copy
Type
Detached
Style
Bungalow
Age
51-99
Size (sqft)
1100-1500
Lot Size
60.06 × 140.09 Feet
Parking
12 Total Parking Spaces
4 Detached Garage
8 Parking Spaces
Last Update
2024-05-29
Possession Date
TBD
Listing Date
2024-05-29
Basement
Apartment, Sep Entrance
Fireplace
N
Heating
Gas
Pool
None
Air Conditioning
Central Air
Broker
COLDWELL BANKER THE REAL ESTATE CENTRE

About

Exciting real estate opportunity on Major Mackenzie Dr. E in Richmond Hill, On. The property is near Yonge St, Mackenzie Health Hospital, Central Library, public transit routes (both the Rapid Transit and the GO Transit), community amenities, notably the central downtown core of the city, and between two major highways. 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 an 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 MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

Investment Analysis

Estimated Monthly Costs
--
per month
Estimated Closing Costs
--
Property Tax $4,909 2024 year
Community:Harding
DetachedMarket Stat
Avg. Sold Price
$1,450,000.00
YoY +16.40 %
Avg. Rent
$3,350.00
YoY +35.35 %

Schools

JK - Grade12

Elementary (JK-G8)

Fraser Rank(2018) 1126 / 3064 Elementary English
Fraser Rank(2018) 307 / 3064 Elementary French Catholic
Fraser Rank(2018) 1126 / 3064 Elementary English Catholic

Secondary (G9-G12)

Fraser Rank(2018) 259 / 747 Secondary English AP IB
Fraser Rank(2018) 276 / 747 Secondary French
Secondary English
Fraser Rank(2018) 130 / 747 Secondary French IB Catholic
Fraser Rank(2018) 217 / 747 Secondary English Catholic
Fraser Rank(2018) 560 / 747 Secondary English Catholic

Neighbourhood

Go Train Groceries
Richmond Hill Go Train Line:Richmond Hill 516 m
T&T Supermarket 1.2 km
9625 Yonge Street, Richmond Hill, ON. L4C 5T2
Bayview Food Mart 3.1 km
9019 Bayview Ave #18, Richmond Hill, ON L4B 1Y3
Costco Richmond Hill 4.6 km
35 JOHN BIRCHALL RDRICHMOND HILL, ON L4S 0B2
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