755 OKLAHOMA Drive, Pickering, ON L1W 2H4, Pickering, ON
49933.73 sqft
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 Highlights
For Sale
MLS NO.
E13152226
Type
Commercial
Sub Type
Land
Square Footage
49933.73 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E13152226
Lot Width
164.43
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
755 OKLAHOMA Drive, Pickering, ON L1W 2H4
City
Pickering
Neighbourhood
West Shore
County / Region
Durham
Province / State
ON
Postal Code
L1W 2H4
Cross Street
Oklahoma Dr/Eyer Dr
Directions
Oklahoma Dr/Eyer Dr
Country
CA
List Price
$5,500,000
Annual Taxes
$68,435
Tax Year
2025
Legal Description
PT LT 28 RANGE 3 CON BF PICKERING, PT 1 40R2401, EXCEPT PT 1, 40R9721 CITY OF PICKERING
Possession Type
Flexible
Possession Details
TBD
Listing Office
HC REALTY GROUP INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-20T20:58:22Z
Media Updated
2026-05-20T20:58:22Z
Photos Updated
2026-05-20T20:58:22Z
Last Modified
2026-05-20T20:58:22Z
System Modified
2026-07-06T21:28:06.427461Z
MLS Status
New
Basement Yn
No
Board Property Type
Com
Ddfyn
Yes
Expiration Date
2026-08-31
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
263110696
Public Remarks
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.
