99 Spruce Ave Richmond Hill near Yonge St/ Spruce Ave /16th Ave | Detached home for sale

Description

Prime Redevelopment Opportunity in South Richvale, 99 Spruce Avenue, Richmond Hill, Ontario. An exceptional opportunity awaits in the prestigious and highly coveted enclave of **South Richvale**. This premium property features an impressive **45 ft x 241 ft lot**, offering an expansive and entirely **level topography** that provides the ultimate blank canvas for your architectural masterpiece. Whether you are an ambitious builder, a strategic investor, or looking to design your forever custom estate, properties with this remarkable depth are an absolute rarity. The street and the surrounding neighbourhood are lined with magnificent, custom-built multi-million-dollar estates, establishing a baseline of long-term asset value and unparalleled neighbourhood prestige. Currently, a charming, well-maintained small bungalow sits on the property and is occupied by tenants. This offers an excellent immediate revenue stream, allowing you to offset carrying costs with steady rental income while finalizing architectural designs, securing permits, and planning your build. The lifestyle convenience of this location is second to none. Situated just moments from the vibrant **Yonge Street** corridor, you will enjoy effortless access to premium shopping at Hillcrest Mall, fine dining, public transit, and major commuter routes. Families will appreciate proximity to top-ranked local schools and the Richvale Public Library. Surrounded by lush community parks, sports fields, and tranquil green spaces, this property perfectly balances a private, upscale retreat with city convenience. Bring your vision to life in Richmond Hill's most premier pocket!

Features

Facing: South
Bedrooms: 3
Bathrooms: 1
Garages:
Kitchens: 1

Details

Lot size: 45.04 x 241.53 Feet
Space: 700-1100
Tax: $ 8444.76
N13462470
Listing contracted with: COLDWELL BANKER THE REAL ESTATE CENTRE

Room	Size(M)	Description
Kitchen	3.90x3.04	Laminate, Walk Through, Window
Common Rm	5.03x3.65	Laminate, W/O To Yard, Window
Living Rm	4.57x3.70	Laminate, Window, Separate Rm
2nd Br	3.20x3.35	Laminate, Closet, Window
3rd Br	3.50x3.65	Laminate, Overlooks Backyard, Window
Br	2.40x3.13	Laminate, Closet, Window

Bathroom	Pieces	Level
1xBath	4 pcs	Main

Property Summary

Located close to the intersection of Yonge St and Spruce Ave and 16th Ave, 99 Spruce Ave is a 3 bedrooms 1 washrooms Detached. The property basement is Crawl Space . The property has many nice features including Carpet Free and Accessory Apartment. Kitchen, Common Rm, Living Room Rm, second bedroom, third bedroom and Br are on the Main floor.

Commute Information

Langstaff Go Train Station (1.9km)

Location

Community Overview

99 Spruce Ave is at the Heart of South Richvale Community. The community of South Richvale runs from Yonge St on the East to Highway 7 in the south, Bathurst St on the west, and Carrville Rd in the north. The community was one of Toronto's first commuter suburbs. The development coincided with the opening of the Richvale School in 1923. The significant real estate development started in the 1950s, and many residential houses were built around the 1970s. Homeowners occupy roughly 85% of the properties in South Richvale, and renters occupy 15%. In past 3 months, 10 Detached homes were sold at average of $2.32M. It has a higher than average population of recent immigrants from Iran, Italy and China. In 99 Spruce Ave neighbourhood, you will find many residents are Italian, Greek, Chinese, Iranian, and Canadian. Driving is the primary way of commuting for residents in South Richvale. One can walk on the wild side along the South Richvale Greenway and explore wooded trails as they snake along a beautiful section of the Upper East Don River. Moreover, on the east side of Yonge St is Bayview Glen Plaza. South Richvale is now one of the most desirable Richmond Hill communities for Chinese families. Many marketers promote the community as South Rich Valley, highlighting it as a wealthy neighbourhood and its name, after translating to Chinese Cantonese, as a famous Hong Kong landmark, 'Lan Kwai Fong'.