This land in King is available for your consideration. The property has cross street Bathurst & King, zoned ORMFP, ORMNCL.
MLS Remarks
Future Development Opportunity - 45.18 Acres | Bathurst St Just South of King Rd. Rare offering of approximately 45.18 acres with 1,230 feet of frontage on the west side of Bathurst Street, just south of King Road. Prime location positioned along the Richmond Hill subdivision boundary with convenient access to Highways 400 & 404, offering exceptional long-term growth potential. Currently zoned Agricultural, permitting agricultural uses and greenhouse operations, including policies allowing up to 60% greenhouse cultivation and 20% enclosed building coverage, subject to required approvals and licensing. Planning review indicates potential future residential redevelopment in the 2028/2029 time frame. Preliminary assessments suggest the possibility of accommodating approximately 282 residential units, subject to Official Plan Amendment, rezoning, draft plan approval, servicing allocation, and all municipal and regional approvals. Purchasers are advised to conduct their own independent due diligence regarding development potential, timelines, and permitted uses. The property is improved with an existing approximately 4,000 sq. ft. two-storey commercial building featuring equipment storage, four drive-in doors, approximately 100,000 sq. ft. asphalt yard, ample exterior lighting, and a 28-ft access gate. An approved permit is in place for an additional approximately 4,600 sq. ft. storage building.Ideal opportunity for investors, agricultural operators, owner-users, or land bankers seeking strategic long-term appreciation in a high-growth corridor.Don't miss this exceptional opportunity.
Inclusions
All chattels and fixtures included. Property features a 4000sqft building with a 4 car garage (14ft x 14ft drive in shipping doors), 3 washrooms (1x2pc main floor, 2x3pc second floor), 4 offices/rooms, 2 kitchens, laundry room and showroom. Each floor is 2000sqft.
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Listing represented by SUTTON GROUP-ADMIRAL REALTY INC. · MLS# N12802484
Mortgage Calculator
$
$13,400,000
5%20%50%
Estimated Monthly Payment
$297,926
/month
Mortgage
$53,600,000
Total Interest
$35,777,862
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Land Transfer Tax
$
Ontario LTT$1,661,475
Total Due on Closing$1,661,475
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.
