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603 Davis Drive
Central Newmarket Newmarket L3Y 2P7

$5,795,000 /For Sale
Commercial

Main Photo: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
Photo 1: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
Photo 2: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
Photo 3: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
Photo 4: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N9308532
Bus Major:
Residential
The Property is located on the northwest corner of Davis Drive and Bolton Avenue, 600 metres east of the Newmarket GO Station. The property is adjacent to the Newmarket Medical Arts Building & Southlake Regional Health Centre. The Seller has substantially completed development entitlement of the 0.78 acre property for the development of a 96 Unit Assisted Living and Memory Care development with 82,414 sf GFA, and 55 underground parking spaces in a single level of U/G parking. Neighboring development applications feature up to 711 new residential units in up to 15 storey bldg with 5.69FSI density.
Property Type:
Commercial
Commercial Type:
Land
Depth:
291'4"
Frontage:
86'1"
Total Area:
33,105.6 sq. ft.
Zoning:
Mixed Use (MU-2)
Basement:
None
Garage:
Outside/Surface
Possession Details:
Immediate
Taxes:
$34,996.21 / 2023
Assessment:
$- / -
Central Newmarket
None
Utilities:
A
Water supply:
Municipal
Sewer:
San+Storm
Seller Property Info Statement:
No
Log/Bldg/Unit Code:
Lot
Rail:
No
Sprinklers:
No
Type Taxes:
Annual
Category:
Designated
Major Business Type:
Residential
Freestanding:
Yes
Date Listed:
Sep 09, 2024
Original Price:
$5,795,000
  • Photo 1: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
    Photo 1 of 4
  • Photo 2: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
    Photo 2 of 4
  • Photo 3: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
    Photo 3 of 4
  • Photo 4: 603 Davis Drive in Newmarket: Central Newmarket Property for sale : MLS®# N9308532
    Photo 4 of 4
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Listed by CUSHMAN & WAKEFIELD
Data was last updated February 27, 2025 at 03:55 AM (UTC)
PATRICK KWAN
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