- What A 101-acre parcel is up for grabs in Pickering, Ont.
- Why The site includes 28 acres of developable land
- What next Colliers has the assignment
A vacant land parcel in the Greater Toronto Area is being shopped for $15m, Green Street News can reveal.
Colliers has the assignment for 3445-3447 Highway 7 in Pickering on behalf of a consortium.
The 101-acre site includes 28 acres of development land on the northern portion. The valuation works out to nearly $542,000/usable acre.
The developable section falls within the Northeast Pickering Secondary Plan, offering potential for residential, employment or mixed-use projects. The southern portion of the site is designated Greenbelt land.
At the corner of Highway 7 and Lake Ridge Road, the parcel is less than 2 km from Highways 407 and 412. Downtown Pickering and Ajax are 10 km from the site, and Toronto is 40 km away.
