Overview

This lot in Richmond Hill is for sale.

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Description

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 development 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, andother due diligence materials to be provided if available. Note similar properties on both sides Developed the existing townhome 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)

Property Details

MLS®: N13587886
Property Type: Vacant Land
Business Type: Residential
Zoning: Split Rl and R6
Lot Size: 100 × 300 ft (30,000 sq ft)
Frontage: 100 ft
Property Tax: $12,000/yr
Listed: 106 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

106d

Richmond Hill (Langstaff) listings, avg age

51d

List price

$4.09M

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 (Langstaff) 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 · JOHN AYOUB

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4C)

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.

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)

$4,088,000

For sale

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Financing

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225 16th Avenue, Richmond Hill (Langstaff) - Vacant Land for Sale