1038 Jacarandah Drive, Newmarket, ON L3Y 3G8, Newmarket, ON
1.1 sqft
Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive.
Property Highlights
For Sale
MLS NO.
N12918188
Type
Commercial
Sub Type
Land
Square Footage
1.1 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
N12918188
Lot Width
140.33
Lot Size
1.1
Lot Size Units
Acres
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1038 Jacarandah Drive, Newmarket, ON L3Y 3G8
City
Newmarket
Neighbourhood
Huron Heights-Leslie Valley
County / Region
York
Province / State
ON
Postal Code
L3Y 3G8
Cross Street
Leslie/Green Lane E
Directions
West of Leslie, South of Greenlane
Country
CA
List Price
$6,250,000
Annual Taxes
$10,834
Tax Year
2025
Legal Description
PART LOT 3, CONCESSION 2, EAST GWILLIMBURY, PART 1, PLAN 65R-39925 TOWN OF NEWMARKET
Possession Type
Flexible
Possession Details
Flexible
Listing Office
THE BEHAR GROUP REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-03-25T13:20:53Z
Media Updated
2026-03-25T14:28:34Z
Photos Updated
2026-03-25T14:28:34Z
Last Modified
2026-03-25T14:28:34Z
System Modified
2026-03-25T14:28:34.504989Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-06-30
Hstapplication
In Addition To
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
035630236
Public Remarks
Power of Sale opportunity. Exceptional opportunity to acquire a residential development site in the heart of Newmarket. Draft plan approved for a 23-unit low-rise project (20 semi-detached and 3 detached homes) with 46,091 SF GFA. Can be converted to rentals using ARU Bylaws, with the potential for 51 units. Zoning By-law Amendment approved and Draft Plan of Subdivision approved subject to conditions. Situated within an established low-density neighbourhood with limited remaining development parcels. Ideally located just minutes to Newmarket GO, East Gwillimbury GO, and the Hwy 404/Davis Dr. interchange, offering excellent commuter access. For a limited time, Vendor is offering to cover Land Transfer Tax and provide a 70% VTB to qualified purchasers, including 0% interest in year one. Full address: 1038-1040 Jacarandah Drive.
