3830 Lake Ridge Road, Pickering

$10,900,000
3830 Lake Ridge Road

$10,900,000

New
4d
Land

3830 Lake Ridge Road, Pickering

Total Monthly Obligation $45,050

Beds
0
Baths
0
Park
2
DOM
4d
Property Type-Land
MLS® Number-E14095512
Beds-0
Lot Size-1826.32 × 880.99 ft
Listed on site-Oct 19, 2026
Building Type-Land
Age-31-50
Taxes-$8,490 (2025)
Parking-Other
Heating-Propane Gas
Brokerage-CBRE LIMITED
Cooling-Yes
Fireplace-No
Pool-None
Sewer-Septic
Possession-Immediate
Neighbourhood-Rural Pickering
Title-Commercial

No agent assigned

39.16-acre landholding with dual frontage on Highway 7 and Lake Ridge Road, directly opposite the approved Lakeridge Health Whitby Hospital site. The property is designated Business Areas under the newly adopted Northeast Pickering Secondary Plan. The designation applies to approximately 5% of the Plan's +4,000+acres and is the only land use permitting the full range of hospital-supporting uses: professional and medical office, hotels, convention centres, restaurants, commercial and technical schools, warehousing, and large-format retail. The hospital will anchor sustained public and institutional investment at this intersection, generating long-term demand for the medical office, diagnostic, ambulatory care, hospitality and service commercial uses that cluster around regional health campuses. Combined with the Highway 7 widening, the nearby Seaton community's 70,000 residents and 35,000 jobs, and direct access to Highways 401, 407 and 412, the property offers scale, frontage and policy certainty at Northeast Pickering's institutional gateway. Once these lands are developed, an opportunity to acquire this scale beside the hospital will not recur. Vacant 3,379 sq. ft. 2-storey house built in 1988, with a finished basement. See photos for secondary plan map.

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Closing Costs

Mortgage Amount
$8,720,000
Land Transfer Taxes$258,975
Legal Fees (Est.)
$
Total cash required for closing$2,440,475

Total Monthly Obligation

$45,050/mo
Mortgage $43,968
Monthly Loss $33,480
Principal$11,570
Interest$32,398
Property Tax$708
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 3830 Lake Ridge Road

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