11160 Yonge St

11160 Yonge Street (the “Property”) in Richmond Hill, Ontario, presents an incredible opportunity to own an approved development site with significant frontage along Yonge Street, being one of the most recognized streets in the Greater Toronto Area. The Property is located in an area of the city surrounded by retailers and amenities, with various residential communities nearby, making it a prime location for residential development.

The Property consists of nearly 4 acres of land, having a total area of 173,417 SF. It has been approved by the Ontario Land Tribunal (OLT) (with conditions) for a development of 3 connected buildings, being 12, 15 and 22 storeys. The proposed project has a total of 607 units, with a unit mix of one, two and three bedroom units, and a total Gross Floor Area (GFA) of 473,904 SF. The project would have 693 vehicle parking spaces and a Floor Space Index (FSI) of 2.93. Currently, the site is home to a single building, two-storey retail and office plaza with a variety of tenants, with a total leaseable area of 78,394 SF.

The Property is situated near a variety of amenities such as the Upper Yonge Place Shopping Mall, featuring key retailers like Imagine Cinemas and No Frills, being a mere 700m away. The area is well-served by public transit, including a 10-minute drive to the Richmond Hill GO station from the Property, ensuring connectivity to downtown Toronto and other major hubs.