$5,500,000
755 OKLAHOMA Drive, Pickering, ON L1W 2H4
Pickering · West Shore · L1W 2H4
Key Facts
Tax
$68,435 (2025)
Type
Land
Size
49,933.73 sqft
Brokerage
HC REALTY GROUP INC.
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
Inside
Utilities
Building
Parking
Land
Financial Details
Listing Information
Toronto Regional Real Estate Board (TREB) assumes no responsibility for the accuracy of any information shown. Copyright TREB 2026.
Stratus Data Systems, Inc. Copyright 2026, Stratus Data Systems, Inc.