11160 Yonge St

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.