Newmarket - Central Newmarket
Newmarket - Central Newmarket
Listed For $1,950,000
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Residential Development Opportunity On Bayview Avenue In The Heart Of Newmarket! Official Plan Amendment Approved In June 2024 Allows Medium Density Development Of 16756 & 16764 Bayview Avenue Permitting An Apartment Building Up To Five Storeys! Close To All Existing Infrastructure And Public Facilities Including Major Highways, Southlake Regional Hospital, Pickering College, GO Transit, Recreational Centres, And Fairy Lake Park. Zoning By-Law R1-D In Place For Total Gross Floor Area Of 52,540 Sqft. Must Be Purchased Together With 16756 Bayview Ave (N12097111). Could Be Developed As A Rental Building! Strong Demand For Residential And Rental Units In The Area Promises Significant Returns For Investors And Developers.
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