500 King Avenue W

About this property

** Power of Sale ** 500 King Avenue West, situated in the heart of Newcastle. This offering represents a rare opportunity to acquire an infill mixed use development site with significant redevelopment potential. The Property comprises approximately 5.3 gross acres that are designated Urban Residential and benefits from full municipal services, and is located within an established residential neighbourhood. Positioned minutes from Highway 401and surrounded by established and emerging residential communities, the Site is ideally situated to capitalize on continued population growth and housing demand throughout the Municipality of Clarington. With ongoing development activity in the immediate area, including large-scale residential communities and intensification projects underway by major urban developers such as Treasure Hill, Lindvest and Brookfield. 500 King Avenue West offers developers, builders, and investors a compelling opportunity to acquire a well-located infill asset with multiple pathways to value creation in a rapidly evolving growth market. Legal description: PIN: 266580890Legal Description: PART LOT 30 CONCESSION 2 CLARKE PART 1, 40R26036 SAVE & EXCEPT PART 9, 40R28056 &PART 7, 40R30883 MUNICIPALITY OF CLARINGTONPIN: 266580175Legal Description: PART OF LOT 30 CONCESSION 2 CLARKE, PART 2, 40R26036 MUNICIPALITY OF CLARINGTONPIN: 266580366Legal Description: PART OF LOT 30 CONCESSION 2 CLARKE, PART 3, 40R26036, SAVE & EXCEPT PARTS1, 2, 3, 10 & 11, PLAN 40R28056 MUNICIPALITY OF CLARINGTONPIN: 266580897PART LOT 30 CONCESSION 2 CLARKE (NEWCASTLE) (CLOSED BY BY-LAW DR2073988) PART 1, 40R30883MUNICIPALITY OF CLARINGTONPIN: 266580365Legal Description: PART OF LOT 30 CONCESSION 2 CLARKE, PARTS 2, 10 & 11, PLAN 40R28056 SUBJECT TO ANEASEMENT IN GROSS OVER PARTS 10 & 11, PLAN 40R28056 AS IN DR1206893 MUNICIPALITY OF CLARINGTON

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