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• 11/13 Main St E, Newmarket, ON L3Y 3Y1

$5,388,800 ^{FOR SALE}

Investment

Lot: 130 x 133 ftTotal Area: 17,290 ft²
2022 Taxes: $12,000

11/13 Main St E
Newmarket, ON L3Y 3Y1 | Central Newmarket | York

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Attention Developers/Investors Very Rare Opportunity To Own An Assembly Of Lands Located Within The Urban Centres Secondary Plan. This Plan Identifies That The Subject Properties Are Located Within The Davis Drive Character Area. Subject Lands Permits Low To Mid-rise Residential, Retail, Office, Live-work, Places Of Entertainment And Post Secondary Facilities. Building Heights Permitted From 3 To 8 Storeys With Densities Of 1.5 To 2.0 FSI. With Bonusing, Heights Can Be Increased To 10 Storeys. Units Consist Of 7 Properties. 11/13/15/21 Main St And 432/438 Davis Dr. All Main St. Properties Are Rented. Rent Roll Available. Two Parcels On Davis Are Vacant Land.

Extras

Total Rent Created $17,391 Per Month. The Properties Are Located At A Gateway Location Where Art And Distinctive Urban Design Features Are Encouraged. The Lands Are Also Within The Mobility Hub Area Of The Transit Station.

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Listed By	ROYAL LEPAGE YOUR COMMUNITY REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	N7339704
Last Updated	Aug 26, 2024

Property Summary

Property Type	Investment More like this: Newmarket Investment for Sale
Category	Accommodation
Legal Description	Pt Lt 12 5/5 MAIN ST NEWMARKET PT LT 13 5/5 MAIN ST PL78 NEWMARKET
Occupancy	Tenant
Possession Date	TBA
Taxes (2022)	$12,000
Tax Type	N/A
Directions/Cross Streets	Davis and Main St.
Neighbourhood	Central Newmarket
Area	York

Price History

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Detailed Information

Freestanding	Y
Lot	130 x 133 ft
Lot Irregularities	Irregular
Total Area	17,290 ft2
Air Conditioning	Y
Garage Type	None
Heat Type	Other
Sewers	San+Storm
Utilities	Y
Water	Municipal
Rail	N
Lot/Bldg/Unit Code	Lot
Zoning	RESIDENTIAL/COMMERCIAL
Seller Property Info Statement	N

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