Description

Prime residential development land in the heart of Markham. The Property consists of two development parcels beside King Square Shopping Mall. The first parcel is 4.8 acres and has approved zoning for 94 townhomes. The second parcel is 1.1 acres and has an application submitted for high-density mixed-use development. The Property is being offered on an unpriced basis. Upon the execution of a Confidentiality Agreement, Prospective Purchasers will receive a Confidential Information Memorandum as well as access to a secure electronic data room that contains due diligence materials and other information related to King Square and the sale process. Ernst & Young Inc., in its capacity as Receiver of King Square Ltd. and Markland Residential Corporation and not in its personal capacity and without personal or corporate liability. **EXTRAS** EY to provide Confidentiality Agreement and Investment Summary. Purchasers have the option to purchase the entire development land, or each development parcel separately. Bid deadline is February 26, 2025.

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