Price
$12,500,000
BedroomsNot listed
BathroomsNot listed
SizeNot listed
Year BuiltNot listed
Property TypeHouse
Property Taxes$52200
Maintenance FeesNot listed
Unlock the potential of this exceptional mixed-use development site in a rapidly growing area of Whitby. Site Plan Approval (SPA) in place for two mid-rise condominium buildings 5 story's each with a total of 160 residential units plus commercial space, 219 parking stalls, and lockers. Mixed-Use Zoning permits potential future development up to 18 story's, offering outstanding long-term flexibility. Current approved buildable area: 155,818 sq. ft. Ideal design mix of residential and commercial Strong surrounding growth and future intensification. This rare offering is primed for developers and investors looking to capitalize on Whitby's continued expansion and growing demand for urban living. Legal Description:1stly: PT LT 24 CON 3 Township of Whitby as in CO161133; T/W CO1611332ndly: PT LT 24 CON 3 Township of Whitby PART 1, 40R102963rdly: PT LT 24 CON 3 Township of Whitby as in CO64225, CO71401 & D259988; S/T Interest in CO642254thly: PT LT 24 CON 3 Township of Whitby PART 1, 40R89655thly: PT LT 24 CON 3 Township of Whitby as in D490655 Town of Whitb
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Contact MeTotal Monthly Payment
$49,255 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$10,000,000
Total Interest Payments
$6,165,609
Total Payment (Principal + Interest)
$16,165,609
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
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