230 Rumble Avenue, Richmond Hill (Mill Pond) - Vacant Land for Sale
230 Rumble Avenue, Richmond Hill (Mill Pond), Ontario, L4C4G6
0 baths lot
$999,000
Richmond Hill
230 Rumble Avenue, Richmond Hill (Mill Pond), Ontario, L4C4G6
$999,000
Richmond Hill
This lot in Richmond Hill is for sale. It has been on the market 50 days, fresher than the Richmond Hill average of 56 days.
RARE MILL POND DEVELOPMENT OPPORTUNITY WITH OVER 100 FT OF FRONTAGE! DEMOLITION AND BUILDING PERMITS ARE READY - READY TO START BUILDING! A unique opportunity for builders, investors and end-users to acquire a ready-to-go custom home project in sought-after Mill Pond. Significant architectural, engineering and permit-related work has already been completed for a new 2-storey custom residence of approximately 3,000 sq. ft. above grade, plus a full basement. Extensive plans and supporting documentation are available for review. For buyers looking for an investment opportunity, this is an excellent corner lot for a potential four-unit residential development. The property is already zoned N2, allowing for up to four residential units, subject to applicable zoning and building requirements. This can significantly reduce the time, cost and uncertainty typically associated with pursuing a rezoning. City correspondence confirms the property is outside the TRCA-regulated area, is not subject to site plan approval, and a zoning-compliant proposal may proceed directly to building permit application. Existing dwelling has sustained fire damage, is uninhabitable, and no entry into the structure is permitted. Property is being sold AS-IS, WHERE-IS for its land and redevelopment value. Located in sought-after Mill Pond, close to parks, schools, Yonge Street, shopping, restaurants, transit and community amenities. A rare opportunity to capitalize on years of completed planning, permits and approvals - proceed with the permitted custom home or explore the property's multi-unit development potential. (id:66096)
Long Listed: 50 days on market, against an average age of 56 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 vacant land in Richmond Hill (Mill Pond) has been listed for 50 days, which is 6 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 11.6× the local median household income of $86,000.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →Before you offer on a development site, know what you can build. PreBuildIQ delivers zoning verdicts and required study scopes for any Ontario address in 60 seconds.
Check your site with PreBuildIQ →