Description

Build your custom dream home on this exceptional diamond shaped lot in the desirable Oak Ridges community. Over 220 ft deep and more than half an acre (.685 acres) on a quiet cul-de-sac, offering an ideal setting for a custom residence with generous space and privacy. Land development fees have been paid and the lot is serviced, offering an excellent opportunity for a custom home builder, developer, or end user. Conveniently located near Yonge St & Bloomington Rd, with easy access to Hwy 404 and Hwy 400. Close to Cardinal Carter Catholic High School with IB Program, Lake Wilcox, Bond Lake, parks, trails, shopping and major amenities. A rare opportunity to build in an established and highly sought-after neighbourhood.9 Tower Crt - Lot 8. One of 12 exceptional lot opportunities available. "Seller advises that Regional levies have been paid. Purchasers shall be responsible for applicable municipal levies, building permit fees, and all costs associated with obtaining permits and construction." (id:66096)

Market Timing

Days on market

57d

Richmond Hill (Oak Ridges) listings, avg age

58d

List price

$1.40M

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 57 days, which is 1 days fresher than the city average of 58. Act while there is still low competition.

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Area context

Neighbourhood profile (L4E)

This home lists at $1,400,000, about 11.0× the local median household income of $127,000.

Carrying it typically needs a household income of about $273,469 (20% down, 25-yr amortization, stress-tested) — roughly 115% 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)

$1,400,000

For sale

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Financing

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#Lot 8 9 Tower Court, Richmond Hill (Oak Ridges) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L4E)

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