603 Davis Drive, Newmarket | Image 1

603 Davis Drive

Newmarket, Central Newmarket

  • Commercial

$X,XXX,XXX
For Sale

Added 3 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: Mixed Use (MU-2)

  • Age: No Data

  • Taxes: 34996.21

  • MLS®#: N9308532

  • Added: Sep 09, 2024 (3 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: CUSHMAN & WAKEFIELD

The Property is located on the northwest corner of Davis Drive and Bolton Avenue, 600 metres east of the Newmarket GO Station. The property is adjacent to the Newmarket Medical Arts Building & Southlake Regional Health Centre. The Seller has substantially completed development entitlement of the 0.78 acre property for the development of a 96 Unit Assisted Living and Memory Care development with 82,414 sf GFA, and 55 underground parking spaces in a single level of U/G parking. Neighboring development applications feature up to 711 new residential units in up to 15 storey bldg with 5.69FSI density.

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Newmarket

  • Community: Central Newmarket

  • Availability Date: Immediate

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 3 PL 91 EAST GWILLIMBURY; LT 4 PL 91 EAST GWILLIMBURY; LT 5 N

  • Taxes: $34,996

  • Taxes Type: Annual

Land

  • Cross Street: Davis Drive and Bolt

  • Municipality District: Newmarket

  • Parcel Number: 035680623

  • Sewer: San+Storm

  • Lot Depth: 291.32 Feet

  • Lot Frontage: 86.05 Feet

  • Zoning: Mixed Use (MU-2)

Commercial Specific

  • Rail: N

  • Sprinklers: N

  • Total Area: 0.76

  • Total Area Metric: Acres

  • Lot Code: Lot

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