Location: Prime parcel in Richmond Hill, situated north of Major Mackenzie Drive, between Bayview Avenue and Yonge Street, with high visibility from Centre Street and Crosby Avenue (high-traffic roads)
Current Zoning: IC1 (Industrial Commercial), allowing for various development options:
Self-Storage Facility: Addresses growing demand for storage solutions.
Industrial Condominiums: Provides flexible spaces for small businesses and light industrial use.
Official Plan Designation: Classified as Residential Next To a Major Transit Station Area (MTSA), indicating strong potential for:
Residential Development: Supported by provincial initiatives promoting transit-oriented communities.
Affordable Rental Housing: Aligns with municipal and provincial objectives to enhance housing affordability and supply.
Strategic Advantages:
Excellent Connectivity: High visibility and access to major arterial roads.
Policy Support: Strong backing for mixed-use development next to MTSAs.
Market Demand: Increasing need for diverse housing options in the rapidly growing Richmond Hill area.
Opportunity: Represents a significant chance for developers to create impactful projects that meet community needs while leveraging supportive policies and market trends.