Opportunity to build your dream custom home on a spectacular 100 x 532 ft estate-sized property (1.2 acres) in coveted Richmond Hill, surrounded by mature trees offering privacy & a picturesque setting for a magnificent custom estate. Extensive planning & development work has been completed, representing a substantial investment of time & capital, including architectural drawings, completion of numerous studies & plans along w/ municipal coordination. Site plan approval is in its final stages, w/ only outstanding municipal deposits remaining to be paid by the purchaser when ready to proceed. A valuable opportunity to capitalize on the significant work already completed & bring the proposed custom home development to fruition. The proposed architectural plans showcase an impressive approx 4800 sq ft above-grade custom bungaloft, thoughtfully designed for luxurious living, entertaining & multi-generational flexibility, w/ the potential to build an even larger residence if desired (a larger residence would be subject to site plan amendment & approval). The proposed home features 4 bdrms, 5 bthrms, a 3-car garage, impressive 10' ceilings on the main flr, a dramatic 12' ceiling in the family rm, & 9' ceilings throughout the 2nd flr & bsmt. The plans also include a beautifully designed backyard cabana complete w/ a wet bar, lounge area & full bathroom. Existing plans provide for well water & municipal sewer connection, w/ the option to install a septic system in lieu of municipal sewer, should the purchaser prefer. All connections & installations at the purchaser's expense & own due diligence. Ideally located minutes from Highway 404, Gormley GO Station, Lake Wilcox Park, golf courses & shopping, w/ nearby highly ranked schools including Alexander Mackenzie High Schl & Richmond Green Secondary Schl, both ranked among Ontario's top 10% of secondary schls in the Fraser Institute's 2025 rankings.*Vendor Take Back (VTB) financing available for consideration, subject to terms* (id:66096)
Property Details
MLS®
N14123914
Property Type
Vacant Land
Zoning
R (per Geowarehouse)
Bathrooms
0
Lot Size
1.20 acres
Frontage
100 ft
Price per Acre
$1,082,500 per acre
Property Tax
$3,298.85/yr
Listed
7 days ago
Services
Utilities
Sewer, Electricity, Cable
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
7d
Richmond Hill listings, avg age
57d
List price
$1.30M
Just listed: 7 days on market, against an average age of 57 days across the listings currently for sale in this city
Market timing · days on market0 → 57d avg age of current listings
Just listed · day 7
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This vacant land in Richmond Hill has been listed for 7 days, which is 50 days fresher than the city average of 57. Act while there is still low competition.
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA · NATASHA OMRIN
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L4E)
This home lists at $1,299,000, about 10.2× the local median household income of $127,000.
Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 100% above the area median.
Median household income
$127,000
Population
54,606
Median age
40.4
Owner / renter
87% / 13%
Avg. household size
3.3
Source: Statistics Canada, 2021 Census (FSA L4E)
$1,299,000
For sale
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Financing
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