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11087 Victoria Square Blvd 10,376 SF 100% Leased Retail Building Markham, ON L6C 1J4 $5,418,684 USD ($522.23 USD/SF)


Executive Summary
1.5-acre infill development site located at 11087 Victoria Square Blvd in Markham, offering a rare opportunity to advance a low-density townhouse project in an established neighbourhood. The property is approved through zoning, Official Plan, and draft plan for 26 three-storey townhomes, with servicing capacity already allocated. Significant progress has been made on the site plan application, which is in its final stages and expected to be endorsed upon completion of cost-sharing arrangements and minor outstanding items. A purchaser can step in to complete the remaining approvals and move toward construction in a relatively efficient timeframe. The site benefits from excellent connectivity with quick access to Highway 404 and is surrounded by strong residential amenities, including schools, parks, major retail such as Costco, and community facilities. Offers will be reviewed as received. Vendor financing may be available to qualified buyers on terms to be negotiated
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,376 SF
Building Class
B
Year Built
1962
Price
$5,418,684 USD
Price Per SF
$522.23 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
1.49 AC
Zoning
R2*528, HC2, A1
Parking
60 Spaces (7.38 Spaces per 1,000 SF Leased)
Frontage
276’ on Woodbine Ave
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
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11087 Victoria Square Blvd
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