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Potential Development On Yonge Street In Richmond Hill

$6,000,000

For Sale: in

Updated Jun 3, 2022
Potential Development on Yonge Street in Richmond Hill

Listing Details

Subtype: Commercial, Residential

Zoning: NC

Sale type: Ideal for both investors and owner-users

Lot Size: 0.63 Acres

Permitted uses:

  • Commercial
  • Storefront Retail/Residential

Description

Potential Development on Yonge Street in Richmond Hill Location Location Location! Amazing Opportunity to purchase right on the main strip of Yonge Street located in Oakridges. Richmond Hill's Official Plan OAK RIDGES LOCAL CENTRE The Oak Ridges Local Centre is focused around the existing commercial corridor in Oak Ridges generally located on Yonge Street between Blackforest Drive and Old Colony Road and on King Road east of Parker Avenue. Within the larger Region, the area continues to function as a centre for environmental, recreational and tourism activities on the Oak Ridges Moraine (ORM). Land Use Sourced from the Offical Plan The following land uses shall be permitted in the Oak Ridges Local Centre: a. Medium density residential; b. Office; c. Commercial; d. Retail; e. Automotive service commercial in accordance with policy 3.4.1.47 of this Plan; LAND USE POLICIES 1 5 4 3 2 6 7 JULY 2010 4-16 RICHMOND HILL OFFICIAL PLAN f. Community uses in accordance with Section 4.1 of this Plan; g. Parks and urban open spaces in accordance with Section 3.4.4 of this Plan; and h. Live-work units in accordance with policies 3.3.3.2.9 and 3.3.3.2.10 of this Plan. This area wants to promote a pedestrian-oriented character, the following policies shall apply to retail in the Oak Ridges Local Centre: a. Retail development shall be limited to a maximum gross floor area of 5,000 square metres; Zoning NC Zoning Boundaries 100 Feet x 278.21 Feet .63 of an Acre

Location & nearby

This listing is located in Richmond Hill, ON

Richmond Hill, ON, Canada

Frank Wang

REALTOR®
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