REDEVELOPMENT SITE WITH UP TO 65-STOREY POTENTIAL-YONGE ST, NORTH YORK CENTRE FOR SALE! A rare opportunity to acquire a fully tenanted commercial office and retail building on a high-profile site along Yonge Street, in the heart of North York Centre. The property is identified under the revised North York Centre Secondary Plan as potentially eligible for development of up to 65 storeys, making it one of the few remaining sites in the area suitable for significant high-density, mixed-use redevelopment. KEY ATTRIBUTES: STRATEGIC LOCATION WITH DIRECT TRANSIT ACCESS Located steps from North York Centre Subway Station, North York Civic Centre, and the Toronto Central Library, the site offers seamless integration into Toronto's public transit network. It is also within minutes of Highway 401, facilitating access for both regional and citywide commuters. The area functions as Toronto's largest employment node outside the downtown core, supporting both commercial and residential intensification. REDEVELOPMENT COMPATIBILITY: The property at 5169& 5171 Yonge St. is situated within a section of Yonge Street already surrounded by high-rise residential buildings, Class-A office towers, and major retail developments, making it an ideal candidate for additional density in line with the City of Toronto's growth and intensification objectives. INCOME-PRODUCING ASSET WITH INTERIM VALUE: The existing structure is fully leased to a mix of long-standing commercial and professional tenants, providing reliable holding income during the planning and development process. The property includes 11 on-site parking spaces, with ample public and street parking available in the immediate vicinity. SCARCE REDEVELOPMENT INVENTORY IN CORE LOCATION: Most comparable sites in the area have already been developed, making this property one of the last large-scale parcels along this stretch of Yonge Street, offering a unique opportunity for long-term strategic development. Do Not Contact Tenants Directly.
Address
5169&5171 Yonge Street
List Price
$11,888,888
MLS® Status
New
Expiration Date
2026-12-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto C14
Sub-Area
Willowdale East
Region
Toronto
Lot Size Source
MPAC
Lot Depth
120.1
Lot Type
Lot
Lot Size Units
Feet
Lot Width
46.3
Parcel Number
100820177
Total Building Area
5521
Occupant Type
Owner+Tenant
Cross Street
Yonge/Empress
Approx. Age
51 - 99 Years
MLS® Number
C13134996
Listing Brokerage
CENTURY 21 HERITAGE GROUP LTD.
Basement
Yes
Postal Code
M2N 5P5
Posession Details
TBA
Parking Spaces
11
Tax Amount
$71,508.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Outside/Surface
Tax Legal Description
PT LT 232-233 PL 1790 TWP OF YORK AS IN NY789532, NY792873; T/W NY792873; S/T INTEREST IN NY792873; TORONTO (N YORK), CITY OF TORONTO
Security Features
Partial
Sewer
Sanitary+Storm Available