5171 Yonge Street

Development Site with Up to 65-Storey Potential – Yonge Street, 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 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. As such, it presents a strong case for planning approval of additional density, consistent with the City of Toronto’s long-term 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 in the immediate vicinity. Scarce Redevelopment Inventory in Core Location Most comparable sites in the area have already been developed. This property represents one of the last large-scale parcels along this stretch of Yonge Street, making it a unique opportunity for long-term strategic development. Address: 5169 and 5171 Yonge St Please call listing agents for any questions and showings. Please do not contact tenants directly. Thank you for your interest.