231 Carrville Rd, Richmond Hill - Detached Home

231 Carrville Rd

LocationSouth Richvale, Richmond Hill, L4C 6E4
$8.8M For Sale
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Description

Rare development opportunity in Richmond Hill. 231 Carrville Road offers approximately 45 feetof frontage on Carrville Road and is subject to an advanced development application. Significantplanning, traffic, engineering and supporting technical work has already been completed inconnection with the approval process. The sale will be conditional upon the Seller obtainingsite plan approval. The existing detached dwelling provides valuable underlying asset andholding value while approvals are finalized. An exceptional opportunity for developers, buildersand investors in one of Richmond Hill's desirable redevelopment corridors. Please note: One ofthe Listing Salespersons has an ownership interest in the property.

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 4
  • Bathrooms
    Bathrooms: 2
  • Garages
    Garages:
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 45.00 x 241.50 Feet
  • Lot Depth
    Space: 1500-2000
  • Tax Amount
    Tax: $ 9006.00
  • MLS
    N13652424
  • Listing contracted with: FOREST HILL REAL ESTATE INC.
Room Size(M) Description
Living Rm4.80x3.45

Family Rm7.90x3.40

Combined w/Dining

Dining Rm7.90x3.40

Combined w/Living

Br5.00x2.70

Br5.70x3.15

Primary B6.30x3.45

Br4.75x2.70



Bathroom Pieces Level
1xBath3 pcs

Main

1xBath4 pcs

Second



Property Summary

Located close to the intersection of Yonge St & Carrville Rd, 231 Carrville Rd is a 4 bedrooms 2 washrooms Detached. The property basement is Partially Fi Walk-Up. The property has many nice features including None. Living Room Rm, Family Room Rm, Dinning Room Rm and Br are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 12.4% compared with the same period last year.

Rent levels have decreased 23.4% compared with the same period last year.

Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan
Recent 6-Month Rent Range
$2,000 – $6,600/month

How This Home Compares

Market Temperature
Strong Buyer's Market
Strong SellerSellerBalancedBuyerStrong Buyer
High inventory strongly favours buyers of similar homes.
Typical Selling Time
22 Days
Similar homes are selling in about 22 days, faster than the same period last year.
Price Position
Need a More Precise Value?
Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.
Contact Alan

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 55% of residents hold a bachelor's degree or higher, while about 13% have a college credential. The large majority of local commuters travel by car.





School Information



Commute Information

GTA Go Train Langstaff Go Train Station (2km) - Free Parking available, parking lots: 1547

Location





Community Overview

231 Carrville Rd is at North East Corner 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. On the north end of the community, close to Carrville Rd, some newly built modern townhouses are perfect for those looking for three or more bedroom livings. In past 3 months, 7 Detached homes were sold at average of $2.01M. It has a higher than average population of recent immigrants from Iran, Italy and China. In 231 Carrville Rd neighbourhood, you will find many residents are Chinese, Italian, Iranian, Greek, and Irish. Driving is the primary way of commuting for residents in South Richvale. The Upper East Don River winds from north to south through the community. One can find many world-renowned retailers such as Best Buy, Walmart, Loblaws, Canadian Tires, Home Depot and many more. 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'.


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