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302 Finch Av 0.54 Acres of Commercial Land Offered at $789,051 USD in Pickering, ON L1X 2X3
Investment Highlights
- The site comprises approximately 0.54 acres of vacant land, offering flexibility for a range of potential uses.
- The current zoning is Urban Reserve, offering future redevelopment and intensification potential.
- The property is prominently located at the northeast corner of Finch Avenue and Altona Road, providing strong visibility and access.
Executive Summary
Policy supported potential for Residential Development. Envision Durham is the new Durham Regional Official Plan (EDROP) which was adopted by Regional Council on May 17, 2023, According to the EDROP, the site is located within the Region's Urban Boundary/Settlement Area in the City of Pickering and is designated as Community Areas. Community Areas are meant to develop as complete communities and are comprised of housing, commercial uses such as retail shopping and personal service use, offices, institutional uses, community uses, and public service facilities such as schools, libraries, and hospitals, as well as an array of cultural and recreational uses. The City of Pickering Official Plan, Edition 9 (OP), designates the subject site as Low-Density Areas, which is considered an Urban Residential Area. Urban Residential Areas are to be used primarily for housing and related uses. The site has also been identified for intensification as per the Rouge Neighbourhood Development Guidelines.
Property Facts
| Price | $789,051 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.54 AC |
| Property Type | Land | ||
| Zoning | Urban Reserve | ||
| Price | $789,051 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.54 AC |
| Zoning | Urban Reserve |
1 Lot Available
Lot
| Price | $789,051 USD | Lot Size | 0.54 AC |
| Price Per AC | $1,461,205.22 USD |
| Price | $789,051 USD |
| Price Per AC | $1,461,205.22 USD |
| Lot Size | 0.54 AC |
Description
302 Finch Avenue is a strategically positioned vacant land opportunity at the northeast corner of Finch Avenue and Altona Road in Pickering. The site offers strong exposure along key arterial routes and benefits from its location within a growing area supported by regional planning initiatives. With policy support for residential development and flexible zoning in place, the property presents an attractive opportunity for investors and developers seeking to capitalize on long-term growth in the Durham Region
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Contacts
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Ian Hunt -
Jason Child -
Daniel Satoor -
Torey Ferrelli -
Allison Conetta -
CBRE, Limited
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302 Finch Av
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