755 OKLAHOMA Drive
755 OKLAHOMA Drive
$5,500,000
$110/sq ft · 53 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $23,963 |
| Property Tax (MLS) | $5,703 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $29,666 |
Down payment: $1,100,000 (20.0%) · Mortgage: $4,400,000
Property tax uses MLS annual tax of $68,435/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by HC REALTY GROUP INC.
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Data last updated: August 13, 2026 at 06:26 a.m.