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170,228 SqFt
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 170,228 sqft
Price per Sqft $0
Subdivision Aileen-Willowbrook
MLS Listing ID N12226923
Building Age 31-50
Annual Tax Amount $571,880
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
300 John Street in Thornhill, Ontario represents an exceptional opportunity to acquire a 7.75-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 approximately 752,000 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.
Location
Province ON
County York
Community Aileen-Willowbrook
Area York
Zoning MU-FD
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 350.0
Lot Depth 870.0
Others
Security Features Yes
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Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.
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