755 Oklahoma Drive Pickering, Ontario L1W 2H4
$5,500,000
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. (id:12481)
Property Details
| MLS® Number | E13152226 |
| Property Type | Vacant Land |
| Community Name | West Shore |
| AmenitiesNearBy | Highway, Public Transit |
Building
| SizeInterior | 49934 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Public Transit |
| Sewer | Septic System |
| SizeDepth | 286 Ft ,10 In |
| SizeFrontage | 164 Ft ,5 In |
| SizeIrregular | 164.43 X 286.86 Ft |
| SizeTotalText | 164.43 X 286.86 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/29779965/755-oklahoma-drive-pickering-west-shore-west-shore
Contact Us
Get in touch with us for more information!
Phil Spoelstra
Broker of Record
(519) 667-1958
www.farmontario.com
34 Grandview Crescent
London, Ontario N6K 2Y2
Ron Steenbergen
Broker
(519) 667-1958
www.farmontario.com/
675 Adelaide Street North
London, Ontario N5Y 2L4
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May 20 2026 09:43:28
Toronto Real Estate Board
Hc Realty Group Inc.