$7,888,800

For sale

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174/176 Weldrick Road West, Richmond Hill (North Richvale) - Single Family for Sale

13 Ayr Road, Richmond Hill (North Richvale), Ontario, L4C5W5

4 bd3 ba3 pk1,300 ft²Lot size 20 × 99 ft (1,976 sq ft)

Listed by RE/MAX REALTRON WENDY ZHENG REALTY

6 Hart Street, Richmond Hill (North Richvale), Ontario, L4C7T7

For saleJust listed

Yesterday

$2.19M

6 Hart Street, Richmond Hill (North Richvale), Ontario, L4C7T7

6 bd4 ba6 pk4,250 ft²Lot size 60 × 140 ft (8,400 sq ft)

Listed by BAY STREET GROUP INC.

176 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C3V1

For saleJust listed

2 days ago

$1.80M

176 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C3V1

3 bd3 ba2 pk2,750 ft²Lot size 75 × 323 ft (24,203 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

180 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C3V1

For saleJust listed

2 days ago

$1.90M

180 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C3V1

3 bd1 ba11 pk900 ft²Lot size 135 × 323 ft (1.00 acres)

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$7,888,800

Richmond Hill

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174/176 Weldrick Road West, Richmond Hill (North Richvale), Ontario, L4C3V1

3 beds1 bath10 parking1,750 ft²201 × 322 ft (1.48 acres) lot sizeListed 245 days ago

Overview

This 3-bedroom, 1-bathroom home in Richmond Hill is for sale offering roughly 1,750 sq ft of space.

Houses for Sale in Richmond Hill →All real estate in Richmond Hill →

Description

Attention Investors, Builders & Developers: Amazing opportunity to acquire an assembly of three parcels of land in one of the best locations in all of Richmond Hill. Addresses: 174, 176 & 178 Weldrick Road (The seller will retain 180 Weldrick once approvals are completed.)A rezoning application has been submitted for the development of: 12 detached building lots, or 12 triplex development units. All required studies and reports have been completed, creating a strong opportunity for developers looking to move forward in the current market. The site is located steps from Bathurst, close to community centers, shopping, public transportation, schools, and many other amenities. Take advantage of this rare development opportunity in a prime Richmond Hill location (id:66096)

Property Details

MLS®: N12852046
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Half Baths: 1
Parking: 10
Interior Size: 1,750 ft²
Lot Size: 201 × 322 ft (1.48 acres)
Frontage: 201 ft
Storeys: 1
Style: Bungalow
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Property Tax: $8,200/yr
Listed: 245 days ago

Features

Foundation: Block
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

245d

Richmond Hill (North Richvale) listings, avg age

63d

Price / ft²

$4,508

List price

$7.89M

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 3-bed single family in Richmond Hill (North Richvale) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REMAX YOUR COMMUNITY REALTY · EUGENIO STURINO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

This home lists at $7,888,800, about 91.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $1,540,959 (20% down, 25-yr amortization, stress-tested) — roughly 1692% above the area median.

Median household income: $86,000
Population: 74,636
Median age: 46
Owner / renter: 70% / 30%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4C)

$7,888,800· $4,508/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $1,577,760

Min 20%50%

Mortgage payment$33,644/mo

Property tax (est.)$683/mo

Total monthly$34,327

Cash Needed to Close

Down payment (20%)$1,577,760

Land transfer tax$183,695

Est. closing costs$26,166

Total cash needed$1,787,621

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