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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 3 sqft
Price per Sqft $0
Subdivision Westbrook
MLS Listing ID N12006418
Annual Tax Amount $226,425
Tax Year 2024
Property Sub-Type Land
Property Description
11160 Yonge Street in Richmond Hill presents a prime opportunity to own an approved development site with significant frontage along one of the most recognized streets in the Greater Toronto Area. This nearly 4-acre property is approved for a 3-building development (12, 15, and 22 storeys), totaling 607 units with a gross floor area of 473,904 SF. The project will include a mix of one, two, and three-bedroom units, 693 parking spaces, and an FSI of 2.93. Currently, the site features a two-story retail and office Plaza providing holding income with a 2024 NOI of $437,447. Located just 700m from the upper Yonge Place Shopping Mall and with excellent access to public transit, including the Richmond Hill GO station and major highways, this site is strategically positioned for future growth. The surrounding area offers numerous amenities, parks, and cultural events, making it an ideal location for residential development. This property offers a unique investment opportunity in a rapidly evolving and highly desirable neighborhood.
Location
Province ON
County York
Community Westbrook
Area York
Exterior
Utilities Available Available
Lot Frontage 215.06
Lot Depth 830.38
Listed by COLLIERS