391 Major Mackenzie Drive East

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.

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 (approximately 67% to market) and long-term value enhancement potential. Recent capital improvements, a diverse suite mix, separately metered hydro, and on-site surface and covered 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, with future development potential (subject to approvals). The property is offered free and clear of existing financing.

Investment Highlights

• 44-suite multifamily apartment building on a prominent 1.38-acre site
• Directly across from Richmond Hill GO Station
• Approximately 67% rental upside to market
• Recent capital improvements throughout
• Surface and covered on-site parking
• Separately metered hydro
• Future development potential (subject to approvals)
• Offered free and clear of existing financing