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.
| MLS® Number | N12918188 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Land |
| Interior Size | 1 sq ft |
| Lot Size | 1 sq ft |
| Beds / Baths | 0 bed · 0 bath |
| Neighbourhood | Huron Heights-Leslie Valley |
| City | Newmarket |
| Postal Code | L3Y 3G8 |
| Province | ON |
| Listed Date | March 25, 2026 |
| Days on Market | 107 |
| Price per Sq Ft | $6,250,000 |
| Brokerage | THE BEHAR GROUP REALTY INC. |
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