12820-12822 BATHURST STREET

King (King City) Ontario L7B1K5

$67,000,000

Future Development Opportunity - 45.18 Acres | Bathurst St Just South of King Rd. Rare offering of approximately 45.18 acres with 1,230 feet of frontage on the west side of Bathurst Street, just south of King Road. Prime location positioned along the Richmond Hill subdivision boundary with convenient access to Highways 400 & 404, offering exceptional long-term growth potential. Currently zoned Agricultural, permitting agricultural uses and greenhouse operations, including policies allowing up to 60% greenhouse cultivation and 20% enclosed building coverage, subject to required approvals and licensing. Planning review indicates potential future residential redevelopment in the 2028/2029 time frame. Preliminary assessments suggest the possibility of accommodating approximately 282 residential units, subject to Official Plan Amendment, rezoning, draft plan approval, servicing allocation, and all municipal and regional approvals. Purchasers are advised to conduct their own independent due diligence regarding development potential, timelines, and permitted uses. The property is improved with an existing approximately 4,000 sq. ft. two-storey commercial building featuring equipment storage, four drive-in doors, approximately 100,000 sq. ft. asphalt yard, ample exterior lighting, and a 28-ft access gate. An approved permit is in place for an additional approximately 4,600 sq. ft. storage building.Ideal opportunity for investors, agricultural operators, owner-users, or land bankers seeking strategic long-term appreciation in a high-growth corridor.Don't miss this exceptional opportunity. (id:2494)

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Listing Office: SUTTON GROUP-ADMIRAL REALTY INC.