225 16th Avenue, Richmond Hill (Langstaff), Ontario, L4C7A6




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$4,088,000
Richmond Hill
This 3-bedroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space.
RARE DEVELOPMENT Opportunity on an approximately 100'x 300'lot (Aprox area 30,000 Sq ft) with Split R1/R6 Zoning. Property ideal for builders, developers, and land investors seeking future redevelopment or severance potential. Existing dwelling is being sold in "as is, where is" condition. Buyer to verify all zoning, permitted uses, lot creation, redevelopment potential, servicing capacity, and municipal approvals independently. Survey, zoning information, and other due diligence materials to be provided if available. Note similar properties on both sides Developed the existing town home complexes. Relevant Development documents and correspondence with the town and TRCA etc. on file. Survey on file (2018. A rare opportunity to acquire a premium-sized parcel in one of Richmond Hill's most desirable and evolving neighbourhoods. Please Do not enter the property without a confirmed showing. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 106 days on market, against an average age of 51 days across the listings currently for sale in this city
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.
This 3-bed single family in Richmond Hill (Langstaff) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $4,088,000, about 47.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $798,530 (20% down, 25-yr amortization, stress-tested) — roughly 829% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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