Description

This 5.9 net acre Site is ideally located at a major intersection, the northeast corner of Bayview Avenue and Elgin Mills Road East in Richmond Hill, providing an unprecedented infill development opportunity with high visibility. The Site is zoned Neighbourhood Commercial, permitting a wide range of commercial, institutional and residential uses. The current development applications, Site Plan and Draft Plan, proposes two 14-storey mixed-use buildings with an additional 56 townhouse units. Current policy allows for continuation with the proposed development as-is, or allows for alternative uses permitted under the Neighbourhood Commercial designation. The Property is well connected, benefiting from close proximity to both the Richmond Hill GO Station and the Highway 404 & Elgin Mills Road East interchange, each only a 5-minute drive from the Site. Additionally, the surrounding neighbourhood offers numerous retail amenities including RioCan's Elgin Mills Crossing Plaza, which includes Costco, The Home Depot, and Michaels. With the Site's ideal location and flexible zoning, the offering presents an exceptional infill development opportunity in Richmond Hill. Prospective purchasers can continue with the proposed development or pivot towards an alternative use based on desired end uses.

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