$5,500,000
$110/sq ft · 2 days on market
PICKERING DEVELOPMENT SITE | DRAFT PLAN APPROVED Rare 1.146-acre redevelopment opportunity with draft plan approval for 27 townhouse units in a prime Pickering location. Currently generating approx. $320,000 annual rental income (5.8% return based on $5.5M asking price) from existing church and daycare tenants. Enjoy strong holding income while planning redevelopment. Signed termination clauses provide future flexibility, with potential to redesign the site and increase density/unit count. Walking distance to the lake, with Frenchman's Bay and waterfront trails practically in your backyard. Exceptional location near Highway 401, GO Transit, parks, and convenient access to downtown Toronto. Draft Plan Approved Strong In-Place Cash Flow Waterfront Lifestyle Location Prime Growth Corridor Future Development UpsideRare opportunity for developers, builders, and investors.
Listing provided by HC REALTY GROUP INC.
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Data last updated: June 2, 2026 at 04:27 a.m.
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755 OKLAHOMA Drive
Closest publicly funded schools within 5 km, ranked by EQAO standardized test scores
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Top 50% of Ontario secondary schools
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EQAO score is the average of available reading, writing & math results, 0–100 · Source: Ontario Ministry of Education
0 within a 10-min walk · 29 within 20 min · click a card to see the closest ones
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© OpenStreetMap contributors · counts are amenities tagged in OSM within walking distance