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Thursday, July 16th, 2026

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$6,250,000
Available - For Sale
Listing ID: N12918188
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.
Price $6,250,000
Taxes: $10,833.54
Tax Type: Annual
Occupancy by: Vacant
Address: 1038 Jacarandah Drive , Newmarket, L3Y 3G8, York
Postal Code: L3Y 3G8
Province/State: York
Legal Description: PART LOT 3, CONCESSION 2, EAST GWILLIMBU
Directions/Cross Streets: Leslie/Green Lane E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Designated
Use: Residential
Total Area: 1.1
Total Area Code:  Acres
Maintenance: 0
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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THE BEHAR GROUP REALTY INC.

1038 Jacarandah Drive , Newmarket, L3Y 3G8, York

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Land
Area: York
Municipality: Newmarket
Neighbourhood: Huron Heights-Leslie Valley
Style:
Lot Size: x 354.00(Feet)
Approximate Age:
Tax: $10,833.54
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com