Overview

This lot in Richmond Hill is for sale. It has been on the market 10 days, fresher than the Richmond Hill average of 58 days.

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

Description

***ATTENTION BUILDERS, DEVELOPERS & INVESTORS!*** Discover An Exceptional Residential Development Opportunity In The Prestigious Oak Ridges Community Of Richmond Hill! Located At 45 & 51 Prince Arthur Avenue, This Impressive Approx. 300 x 100 Ft Site Features A City-Approved 9-Home Development, Including 4 Semi-Detached And 5 Detached Residences. With Extensive Planning, Lot Severance, Zoning Compliance And Minor Variance Approvals Undertaken. Municipal Servicing And Sanitary Connections Reported Available, with Water Allocation Reported To Be In Place, With Road Construction And Municipal Service Connections To Be Completed As Part Of Future Development. Ideally Situated Near Bathurst Street & King Road, Surrounded By Beautiful Custom Homes And Close To Schools, Parks, Golf Courses, Shopping, Transit And Major Highways. Architectural Drawings, Site Plans, Surveys And Supporting Approval Documents Available For Review. A Rare Investment Opportunity With Outstanding Development Potential In One Of Richmond Hill's Most Desirable Communities. Don't Miss Out!*** (id:66096)

Market Timing

Days on market

10d

Richmond Hill (Oak Ridges) listings, avg age

58d

List price

$3.98M

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 (Oak Ridges) has been listed for 10 days, which is 48 days fresher than the city average of 58. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (L4E)

This home lists at $3,980,000, about 31.3× the local median household income of $127,000.

Carrying it typically needs a household income of about $777,433 (20% down, 25-yr amortization, stress-tested) — roughly 512% above the area median.

Median household income: $127,000
Population: 54,606
Median age: 40.4
Owner / renter: 87% / 13%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4E)

$3,980,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

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 →

Planning to build?

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 →

45-51 Prince Arthur Avenue, Richmond Hill (Oak Ridges) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4E)

Book a showing

Need a commercial mortgage?