$1,900,000
Richmond Hill
416 Elgin Mills Road West, Richmond Hill (Westbrook), Ontario, L4C4M2
This office property in Richmond Hill is for sale offering roughly 3,167 sq ft of space.
Rare opportunity to own a custom-built bungaloft offering exceptional flexibility in one of Richmond Hill's most desirable locations. Originally built as the builder's own residence, this unique property was thoughtfully designed with spacious principal rooms, multiple entrances, wheelchair accessibility, and 9-foot ceilings on the main floor. Located within a Neighbourhood Mixed Use (NMU) designated area, this versatile property presents a variety of possibilities for homeowners, professionals, entrepreneurs, and multi-generational families seeking a unique live/work-inspired environment. The functional layout offers dedicated spaces that can be adapted for a home office, professional workspace, or additional living needs, while maintaining the comfort and privacy of a residential setting. The bright loft retreat provides additional flexibility, and the expansive driveway accommodates up to 8 vehicles. Situated on a generous 75 x 131 ft lot in a prime Richmond Hill neighbourhood, with convenient access to transit, schools, parks, shopping, and major commuter routes. A rare opportunity to reimagine, renovate, and unlock the potential of a truly distinctive property in a highly sought-after location. The property is designated within a Neighbourhood Mixed Use (NMU) area under the City of Richmond Hill's updated planning framework. This designation may provide opportunities for a broader range of uses compared to traditional residential zoning. Buyers and their representatives are advised to conduct their own due diligence and confirm permitted uses, requirements, and approvals directly with the City of Richmond Hill. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 83 days on market, against an average age of 47 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 6-bed office in Richmond Hill (Westbrook) 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 $1,900,000, about 22.1× the local median household income of $86,000.
Carrying it typically needs a household income of about $371,137 (20% down, 25-yr amortization, stress-tested) — roughly 332% above the area median.
Source: Statistics Canada, 2021 Census (FSA L4C)
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