391 Major Mackenzie Dr E - Apartments FOR SALE


Richmond Hill, ON L4C 1H8
$12,900,000 CAD
416-791-7203
391 Major Mackenzie Dr E, Richmond Hill, ON for Sale
$12,900,000 CAD
Apartments - FOR SALE
1/13
null | Request Cap Rate

391 Major Mackenzie Dr E
Richmond Hill, ON L4C 1H8


HIGHLIGHTS

  • 44-suite multifamily apartment building on a 1.38-acre site.
  • Directly across from Richmond Hill GO Station.
  • Approximately 67% rental upside.
  • Recent capital improvements.

OVERVIEW

391 Major Mackenzie Drive East is a well-maintained 44-suite multifamily apartment building situated on a prominent 1.38-acre site in the heart of Richmond Hill, directly across from Richmond Hill GO Station. The property offers stable in-place income with significant rental upside and long-term value enhancement potential. Recent capital improvements, a diverse suite mix, separately metered hydro, and on-site parking further enhance the property's appeal. Ideally positioned near transit, shopping, schools, and major transportation routes, this offering represents an exceptional investment opportunity in one of York Region's most established rental markets.

FOR SALE DETAILS

PRICE

$12,900,000 CAD

PRICE/SF

$226 CAD /SF

# OF UNITS

44

PRICE/UNIT

$293,182

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1959

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

193803003022500

ASK ABOUT THIS PROPERTY

Dayma ItamunoalaColliersMore Info
416-791-7203

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Dayma ItamunoalaColliersMore Info
416-791-7203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.