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$ 5,500,000
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755 OKLAHOMA DR Pickering, ON L1W 2H4
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision West Shore
MLS Listing ID E13152226
Annual Tax Amount $68,434
Tax Year 2025
Property Sub-Type Land
Property Description
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.
Location
Province ON
County Durham
Area Durham
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 164.43
Lot Depth 286.86
Others
ParcelsYN No
Listed by HC REALTY GROUP INC.