300 John Street, Thornhill, Ontario represents an exceptional opportunity to acquire a 7.7-acre development site in an affluent neighbourhood of Markham with zoning entitlements in place and attractive holding income throughout the site plan approval process. The Site is well-suited for intensification as a high-rise mixed-use development owing to its prominent location in a highly sought-after area, attractive site dimensions and access to public transit. The Property is currently improved with a neighbourhood retail plaza and office building totaling 74,310 sf and 95,918 sf, respectively. The approved redevelopment plan for the Site consists of a four-tower development with a total gross floor area of 752,290 sf and 615 residential units, with towers ranging in height from seven to 19 storeys, which includes commercial elements in the lower levels. The current development concept provides flexibility, as it allows for development phasing to maximize existing holding income. (40002531)
Age Of Building
31 to 50 years
Annual Property Taxes
$571,880 (CAD)
Time on REALTOR.ca
50 days
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