7115 Yonge St 0.95 Acres of Commercial Land in Markham, ON L3T 2A8

Lennard Commercial Realty, acting as the exclusive agent on behalf of msi Spergel Inc. in its capacity as Court-Appointed Receiver, is pleased to offer for sale 7115 Yonge Street & 8, 10, 12, 14 Grandview Avenue, located in Markham, Ontario. This offering represents a rare opportunity to acquire a high-density, transit-oriented development site with a Yonge Street address. With full approvals secured through the Ontario Land Tribunal (OLT) Order (Case No. OLT-24-000601) issued Nov 12, 2025, the site offers a rare opportunity to develop a landmark high-rise development in this highly accessible and sought-after North York corridor.
Investment Highlights
• Large-scale development site with 41,225 SF lot size and 754,614 SF of approved GFA.
• Located within walking distance of major amenities and transit, the site is walking distance to the future Steeles TTC Station offers quick access to Finch TTC Station and Toronto’s core, plus a variety of shops, restaurants, and essential services along Steeles Avenue.
• Approved for two high-rise towers (49 and 46 storeys) with a shared podium, totaling 873 residential units and retail space.
• Markham has a unique 40-year development charge deferral program for non-luxury purpose-built rentals.
• The Vendor is open to a structured transaction, including a Vendor take-back mortgage.