10423 Yonge Street, Richmond Hill, Ontario (the “Property”) is a 2.82-acre development site with frontage along Yonge Street, being sold under a Power of Sale process. The Property benefits from OLT-approved plans for a two-phase residential project consisting of 9- and 5-storey buildings with 567 units and a total GFA of 497,293 SF (4.0x FSI). A higher-density concept is also under consideration, featuring three residential towers of 35, 28, and 10 storeys atop a seven-storey podium, together delivering 953 units and a total GFA of 730,941 SF (5.96x FSI). The site currently contains low-rise commercial buildings with three tenants, providing interim income until redevelopment.