10015 Yonge Street · Richmond Hill

A 22,815 sq ft corner site at Yonge and Major Mackenzie.

Held free and clear by 10015 Yonge Development Inc. Our reading of the new Richmond Hill Official Plan supports a mid-rise mixed-use envelope at this node; ownership has put forward a preliminary submission to the municipality on that basis.

The working hypothesis is a healthcare-anchored program — ground-floor pharmacy and service retail, a professional and wellness podium, residential above — given the site's proximity to Mackenzie Health and the surrounding catchment. We are inviting medical real estate operators to weigh in.

Conceptual rendering of HOMA Health & Living
Conceptual rendering. Massing, articulation, and program shown are illustrative only and subject to municipal review, design refinement, and final entitlement.
Site at a Glance

One confirmed number. The rest is a working envelope.

The 22,815 sq ft site area is the only hard figure on this page. Height, FSI, GFA, parking, and use mix below reflect ownership's reading of the new Richmond Hill Official Plan and the contents of an initial submission to the municipality. None are approved entitlements. A prospective buyer or partner must independently verify all planning assumptions.

Site Area22,815 sq ft
Indicative GFA*~80,000 sq ft
Ground Retail*~6,700 sq ft
Residential*~57,800 sq ft
Height (per new OP)*9 storeys
FSI (per new OP)*~3.0
Parking (requested)*~119 spaces
OwnershipFree & clear

*Preliminary. Reflects ownership's reading of the new Richmond Hill Official Plan and the contents of an initial submission to the municipality. Subject to independent verification.

Why This Corner

Location, catchment, and a supportive planning direction.

01

Supportive planning direction

Our reading of the new Richmond Hill Official Plan suggests this node is being intensified for mid-rise mixed-use, with FSI in the range of 3.0 and heights up to 9 storeys. Final permitted height, density, and use mix remain subject to municipal review and must be independently verified.

02

Hospital catchment, arterial frontage

Direct Yonge Street exposure at Major Mackenzie. Mackenzie Richmond Hill Hospital is a short drive away, and the surrounding catchment — Richmond Hill, Vaughan, Markham, Aurora, North York — is older and higher-income than the GTA average.

03

Free-and-clear ownership

The site is held free and clear by 10015 Yonge Development Inc., simplifying any disposition or partnership structure.

The Program We Are Testing

A healthcare-oriented stack — open to alternatives.

The program below is a working hypothesis, not an approved plan. We are not married to this mix — a pure residential build-out or a medical-condo strata-sale model are both on the table.

Ground Floor

~6,700 sq ft

Pharmacy, café, financial services, wellness retail, walk-in or outpatient uses. Indicative.

Upper Podium

Professional & Wellness

Medical, dental, diagnostic, allied health, or owner-occupied physician suites. Indicative.

Residential

~57,800 sq ft

Market condominium, with the option of a seniors-oriented or wellness-positioned product line. Indicative.

The structure of the stack — and which floors get reassigned to which use — is exactly the kind of question we are inviting medical real estate operators to weigh in on.

What We Are Asking

Four honest questions for medical real estate firms.

We are introducing this site to a short list of medical real estate operators, brokers, and capital partners. No obligation, no broker engagement implied.

  1. Assuming the planning envelope lands roughly where the OP suggests, does a healthcare-oriented positioning add value at this address in today's market — or is a pure residential program the cleaner thesis?
  2. Which anchor categories — imaging, multi-specialty, pharmacy, dialysis, Mackenzie Health overflow — would actually respond to this location, and at what indicative rents?
  3. Is there real appetite for a medical-condo strata-sale model among GTA physician groups?
  4. If the ownership elects to sell rather than develop, what does a realistic disposition look like, and on what timeline?

The eventual intent is disposition, but the path — land sale, JV, partial development — is open and will be shaped by the feedback we receive.

Contact

Get in touch.

For inquiries, opinions, or partnership conversations regarding 10015 Yonge Street.

10015 Yonge Development Inc.