499 Sixteenth Ave S

Amazing Opportunity. LOCATION, LOCATION, Attention Builders, Developers, Investors. 8 Building lot project. Surrounded by Multi Million dollar homes. 6 Linked singles 25 ft each, 2 single family detached 37 foot lots, vendor will provide draft plan approval (which is almost completed).

Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the city of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Key Features: zoning permits a wide range of uses including automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Location: Located in close proximity to numerous condominium and townhouse developments at the intersection of 16th Avenue and Yonge Street, this property is ideally positioned for potential redevelopment projects. Accessibility: Excellent access to major transportation routes ensures convenient connectivity, enhancing the property's attractiveness for a variety of commercial and mixed-use developments. Whether you're seeking a site for immediate business operations or exploring long-term redevelopment opportunities in a rapidly developing area, this property offers the flexibility and potential to accommodate a wide range of ventures.

*Power of Sale* Residential Development Opportunity Located Steps To Yonge St. And Within Walking Distance To The Richmond Hill GO Station. Site Includes The Sale Of 64 & 72 Major MacKenzie Dr. E and 115 & 119 Church St. S. With Frontage On Both Streets And Just Over 1 Acre Of Land Providing A Variety Of Infill Development Opportunities. Site Specific OPA Permitting A 6-Storey Development With Potential For 91 Units And 72,000 sq. ft. Of GFA. Updated Bousfields Planning Opinion Demonstrating Stacked Townhouse Development With 56 Units. Located Within New Regional OP And Rapid Transit Corridor Offering Intensification Opportunity In Urban Area.