Sales Representative
Price
$3,900,000
Bedrooms
Not listed
Bathrooms
Not listed
Size
30278.85 sqft
Year Built
Not listed
Property Type
Commercial
Property Taxes
$10500
Prime Development Site At 16756 & 16764 Bayview Avenue in the heart of Newmarket. Plans for A Five-Storey Apartment Building, With A Total Gross Floor Area Of 52,540 Sqft, have been approved Under The Official Plan Amendment (June 2024). Could also be rezoned for townhomes or medical/office buildings. The Site Offers Convenient Access To Major Highways, Southlake Regional Hospital, Pickering College, Go Transit, And Recreational Centers. Ideally Located Near The Future Mulock GO Station Hub, Making It A Strong Investment. The Project Includes Two Floors Of Underground Parking (Approx. 47,000 Sq. Ft.), Parking Requirements Could Be Reduced, Thanks To Its Major Transit Station Area (MTSA). Zoning Provides Ample Space For A Variety Of Development Possibilities. Potential For The Building To Be Developed As A Medical Facility, Rental Building, Or Other Residential/Commercial Uses, Depending On Your Vision For The Project. This Is An Exciting Opportunity To Invest In A Rapidly Growing Area With Multiple Development Options That Ensures Strong Potential Returns For Investors And Developers. 16756 & 16764 Bayview Avenue Must Be Purchased Together.
Access detailed sale and tax history information
Total Monthly Payment
$14,886 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$3,120,000
Total Interest Payments
$1,923,670
Total Payment (Principal + Interest)
$5,043,670
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
If you are planning to buy or sell a home, you want the process to go successfully. If you are selling, success means getting your property sold quickly and for the highest price possible. If you are buying, it means finding your next dream home and getting into it, affordably. On top of that, if you are like most of my satisfied customers, you also want everything to go smoothly, with as little stress as possible. How can you ensure all that happens? By working with a real estate agent who truly puts you first. I am proud to be the real estate agent of choice for those who want a great experience buying or selling a home. My “clients-first” approach means that you will be working with a professional who listens to you, provides expert advice, and works hard on your behalf.
