100 Montecorte Street Whitby, Ontario L1N 0B6

$6,422,000

Exceptional commercial/hotel development opportunity at a first-class location. The 2.47 acre site is located just south of Highway 401, fronting Victoria Ave., in the fast growing intensification area of Lynde Shores, in the Town of Whitby. The property is within walking distance of the Whitby GO station and to the beautiful Whitby Harbour. It is also within very close proximity many recreational and entertainment amenities including the Ajax Downs Racetrack and Casino. The property is currently zoned M1A-LS-3 which permits many commercial, retail and office uses including a site specific exception permitting a hotel. A proposed OPA #147 would see the site designated Prestige Employment which would include additional permitted uses such as, information processing, pharmaceutical, light assembly and manufacturing, etc. Vendor has completed the site plan and architectural drawings for a 6-storey, 128 room hotel. There may be an opportunity to expand to an 8-storey building using the excess land for additional parking. The property has two pins (264930150)&(264930147). (id:61476)

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