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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Port Whitby
MLS Listing ID E12550232
Annual Tax Amount $7,074
Tax Year 2025
Property Sub-Type Land
Property Description
THIS SITE IS BEING OFFERED under POWER OF SALE. Exceptional residential development being a total of 55,166 square feet Buildable. The property is Zoning Approved for Residential Mixed-Use redevelopment on Brock St. S and is at 2nd stage submission for the Site Plan Application, less than 6 months to approval allowing purchasers to make changes as needed to the final proposal. This versatile site presents strong development flexibility. While well-suited for condominium, it also represents an excellent opportunity for a purpose-built rental building. With current market conditions in the Durham Region and GTA showing sustained high demand for quality rental housing-driven by population growth, proximity to transit, employment hubs, and waterfront amenities-developing for long-term rental hold could yield attractive returns amid ongoing rental market tightness.The property's location, exposure, and approvals position it for an efficient transition to construction for an active builder/developer seeking an immediate project. This exceptional property boasts a Total Buildable Space of 55,166 sq. ft., offering immense development potential across two primary areas. The proposed development features: 29 Condominium Units and 4 Semi-Detached Units with 52 parking spaces. The Port of Whitby area has emerged as a target for residential intensification due to its exceptional location in perspective to the waterfront and downtown Whitby, as well as public transit, major highways and amenities. There are a number of high-rise mixed-use developments that have been proposed, approved and sold within the immediate area. Property being sold "as is, where is."
Location
Province ON
County Durham
Area Durham
Exterior
Utilities Available Yes
Lot Frontage 107.28
Lot Depth 309.0
Others
ParcelsYN No
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Listed by RE/MAX REALTRON REALTY INC.
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