1038 Jacarandah Drive
Newmarket, ON
1 sqft • Land • 155 days on market
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.
Listing Details
- Taxes (2025)
- $10,834
- Listed
- March 25, 2026
Price History
Property
- Lot Size
- 140.33 x 354 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Leslie/Green Lane E
- Zoning
- ICBL, R1-D
- Parcel Number
- 035630236
- Possession
- Flexible
Commercial
- Business Type
- Residential
- Occupancy
- Vacant
Community
Postal area L3Y
- Population
- 43,556
- Private dwellings
- 17,365
- Median age
- 45.6
- Average household size
- 2.5
- Median household income
- $93,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Newmarket · last 12 months
- Median sold price
- $930,000
- Homes sold
- 852
- Median days on market
- 21
- Sale-to-list price
- 97.9%
Based on 852 recorded sales of commercial properties in Newmarket over the last 12 months.
Listed by
THE BEHAR GROUP REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Commercial figures
- Annual property tax
- $10,834
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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