Yonge & Steeles

7040 Yonge Street and 72 Steeles Avenue West, Vaughan, Ontario (the “Property” or the “Site”) represents an excellent opportunity to acquire a full or partial interest in a multi-phased, high-rise development site in an emerging residential growth area in the North-Yonge Corridor. Located steps away from the intersection of Yonge Street and Steeles Avenue, future residents will benefit from the construction of the future Yonge North Subway Extension that includes a new station at Steeles, as well as the future Steeles Bus Rapid Transit line.

The Property has received an interim order for site-specific development approvals from the OLT, permitting a redevelopment of the Site with four (4) residential towers comprising nearly 2 million square feet (“sf”) of total gross floor area (“GFA”) and over 2,500 residential units to be built out across multiple phases. The Site is currently improved with a 30,000-sf freestanding supermarket and a 38,000-sf multi-tenant retail plaza, providing a prospective purchaser with meaningful interim holding income as it progresses through to development.