Siyao Ji Acquires Industrial Property In Richmond Hill For $5M

A property located at 100-05 91 Avenue, 100-11 91 Avenue & 100-19 91 Avenue in Richmond Hill has been sold. The industrial asset, with a total square footage of 17,524 and a building square footage (BSF) of 8,762, was sold for a price of $5,000,000. The price per square foot (PPSF) is $285, and the price per building square foot (PPBSF) is $570. The property has a lot size of 6,150 and a floor area ratio (FAR) of 1.00. The property is zoned as R3-1 and falls under tax class 4.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Address: 100-05 91 Avenue, 100-11 91 Avenue & 100-19 91 Avenue, Richmond Hill
• Market: Richmond Hill
• Zoning: R3-1
• Building Square Footage (BSF): 8,762
• Price per Building Square Foot (PPBSF): $570
• Square Footage (SF): 17,524
• Price per Square Foot (PPSF): $285
• Floor Area Ratio (FAR): 1.00
• Tax Class: 4
• Lot Size: 6,150
• Last Sale Price: $2,200,000 (10/24/2012)
• Permits: Alteration type 2 (01/05/2017)
• Lot Dimensions: 61.4 ft x 100.16 ft

The property was purchased by Siyao Ji from the seller, Hong Zhang.