603 Davis Drive

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 0.76 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. The site is expected to be development ready within a few months however a market re-positioning may be achieved for Residential Condominium or Apartment Rental Development, with potential for additional density to be achieved. Current improvements include a vacant two-storey medical office building and two vacant detached houses.