9218 Yonge Street, Richmond Hill, ON

Description

9218 Yonge Street represents an existing commercial retail plaza with an approved premier mixed-use redevelopment opportunity prominently located at the corner of Yonge Street in Richmond Hill. Positioned along one of the GTA's most active growth corridors, the Property is fully approved by the Ontario Land Tribunal (OLT) for a high-density residential development. It currently comprises two retail buildings, one two-tenant building and one multi-tenant plaza with approximately ten retailers, providing stable in-place income. The approved plans envision a landmark project consisting of two residential condominium towers of 42 and 36 storeys connected by a 6-storey podium. The development proposes a total of 796 residential units with a Gross Floor Area (GFA) of 663,020 sq. ft., with 8,407 sq. ft. of at-grade retail. The Property occupies approximately 1.826 acres with prime Yonge Street frontage, offering exceptional visibility and accessibility. Its location within the Yonge & Carrville Key Development Area (KDA) situates it among an emerging cluster of mixed-use, high-rise developments supported by strong municipal intensification policy, rapid population growth, and enhanced transit infrastructure. Surrounded by a range of retail, dining and community amenities, 9218 Yonge Street provides a compelling opportunity to deliver a large-scale, transit-oriented development in the heart of Richmond Hill's urban growth corridor.