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$ 5,900,000
Est. payment | /mo
$ 5,900,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Westbrook
MLS Listing ID N12950608
Annual Tax Amount $15,234
Tax Year 2026
Property Sub-Type Land
Property Description
Rare opportunity to acquire a fully approved 15 unit townhouse development in the highly desirable Yonge & Elgin Mills corridor in Richmond Hill. This project features Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) in place, significantly reducing entitlement risk and saving 3 to 4 years of planning timeline for the buyer. The proposed development consists of 15 large format 3-storey POTL townhomes (9 three-bedroom and 6 four-bedroom units) with attached garages, private outdoor spaces, and roof terraces. Total buildable area is approximately 41,335 sq ft. Located in a premium infill location with strong end user demand, the site benefits from proximity to Yonge Street transit, top rated schools, parks, and major amenities. Existing properties on site generate rental income during holding period. Ideal for mid sized builders, developers, or investors seeking a shovel ready project in a supply constrained market. Vendor open to sale or joint venture structure.
Location
Province ON
County York
Area York
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 183.67
Lot Depth 186.07
Others
Security Features No
ParcelsYN No
Listed by KW Living Realty
Nearby Locations
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