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Investment Highlights

  • 1.83-acre corner parcel with 276’ frontage on Yonge St. and 269’ on Carrville Ave
  • Two multi-tenant retail buildings provide holding income and flexibility
  • OLT-approved mixed-use project with two towers (42 & 36 storeys), 796 units, ~663,634 SF GFA
  • Located in the Yonge & Carrville Key Development Area, near Richmond Hill & Langstaff GO and steps to Hillcrest Mall

Executive Summary

9218 Yonge Street is an existing retail plaza offering a fully approved, premier mixed-use redevelopment opportunity in one of Richmond Hill’s most prominent Yonge Street locations. The 1.83-acre Property features approximately 276 feet of frontage, delivering exceptional visibility and accessibility along a major GTA growth corridor.
The site includes two multi-tenant retail buildings totaling approximately 17,729 SF, providing stable holding income while preserving redevelopment flexibility. Fully approved by the Ontario Land Tribunal, the redevelopment plan comprises two towers of 42 and 36 storeys connected by a 6-storey podium, totaling 796 units and approximately 663,634 SF of GFA, including 8,407 SF of at-grade retail.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Hold For Development
Total Lot Size 1.83 AC

1 Lot Available

Lot

Lot Size 1.83 AC

Approved Redevelopment Land with In-Place Income at the Corner of Yonge St & Carrville Ave

Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Moderately bikeable
60/100
  • Listing ID: 41337295

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 9218 Yonge St, Richmond Hill, ON L4C 7A2

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