755 Oklahoma Drive

Pickering, L1W 2H4
FOR SALE
$5,500,000
755 Oklahoma Drive, Pickering
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
755 Oklahoma Drive
Land
CATEGORY
164.43 x 286.86
LOT SIZE
E13152226
MLSID
Contact Us
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.
Property Details
Address
755 Oklahoma Drive
Community
Postal Code
L1W 2H4
Property Type
Land, Land
Use
Designated
Zoning
R3
Lot Size
164' x 287'
Taxes
$68,435 (2025
Water
Municipal
Listing contracted with Hc Realty Group Inc.
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