11 MAIN ST (432/438 DAVIS) E, Newmarket (Central Newmarket)

$3,600,000

For sale: Multiplex

Property type

Multi-family

Living area

2,000 sqft

MLS number

MLS® N12046547

Neighbourhood

Central Newmarket

Hello Developers and Investors, excited to bring to your attention a very rare opportunity to own an assembly of lands located within the Urban Centres Secondary Plan. This plan identifies that the subject properties are within the Davis Drive Character Area, which permits a variety of uses including low to mid-rise residential, retail, office, live-work, places of entertainment, and post-secondary facilities. Building heights are permitted to range from 3 to 8 storeys, with densities of 1.5 to 2.0 FSI. Additionally, with bonusing, heights can be increased to 10 storeys.