Mill Pond, Richmond Hill, L4C 4M1
Description
ATTENTION BUILDERS, DEVELOPERS & INVESTORS - DON'T MISS THIS RARE OPPORTUNITY!A rare opportunity to acquire a substantial infill development site in the highly desirable Yonge Street and Elgin Mills corridor of Richmond Hill. Featuring an impressive 102 x 212 ft lot, this property offers significant redevelopment potential in a supply-constrained market. The proposed development envisions 10 to 11 spacious, freehold townhomes, each approximately2,000 sq. ft., featuring three-storey layouts, attached single-car garages, and private rooftop terraces. A site plan is available for review. The property may also offer potential for a purpose-built rental apartment development through the CMHC (Canadian Housing And Mortgage Corporation) purpose built rental Program! Ideally located just steps from Yonge Street, the property offers convenient access to public transit, shopping, schools, parks, Mill Pond, the hospital, and a wide range of everyday amenities. The existing homes may also provide rental income during the holding period, subject to their condition and applicable requirements. A PRIME INFILL OPPORTUNITY WITH MULTIPLE DEVELOPMENT POSSIBILITIES. Whether you're a builder looking for your next townhouse project, a developer exploring purpose-built rental housing, oran investor seeking long-term value, this property deserves your immediate attention. Opportunities like this are rare - secure your position in one of Richmond Hill's desirable growth corridors. Contact me today to request the available site plan, discuss the development potential, and arrange a private property showing. Bring your vision, explore the possibilities, and take the next step toward your next successful project!
Features
- Facing: North
- Bedrooms: 3
- Bathrooms: 3
- Garages: 1
- Kitchens: 1
Details
- Lot size: 102.68 x 212.16 Feet
- Space: 700-1100
- Tax: $ 8019.00
- N14119826
- Listing contracted with: RE/MAX REALTRON REALTY INC.
| Room | Size(M) | Description | |
|---|---|---|---|
| Living Rm | 4.00x3.10 | Window |
|
| Primary B | 2.10x2.00 | Window, Closet |
|
| 2nd Br | 1.85x2.10 | ||
| 3rd Br | 1.90x2.00 | Window, Closet |
|
| 4th Br | 2.10x1.80 |
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 3 pcs | Main |
|
| 1xBath | 3 pcs | Main |
|
| 1xBath | 3 pcs | Main |
Property Summary
Located close to the intersection of REGENT ST AND ELGIN MILLS RD W, 281 Elgin Mills Rd W is a 3 bedrooms 3 washrooms Detached. The unit has a Single Other Parking Space. The property basement is not finished. The property has many nice features including Other. Living Room Rm, Primary B, second bedroom, third bedroom and fourth bedroom are on the Ground floor.Home Market Analysis
For Sale
For Lease
Comparable home values have remained relatively stable compared with the same period last year.
Rent levels have increased 5% compared with the same period last year.
How This Home Compares
Local Area Profile
This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 45% of residents hold a bachelor's degree or higher, while about 18% have a college credential. Driving is the primary commuting method for nearly all local commuters.
School Information
Elementary Schools
-
Home schoolRank: 2287 out of 3022 (Score: 4.8)Distance to school: 0.8 km (~14 min walk)
-
French Immersion school
Rank: 516 out of 3022 (Score: 7.6)Distance to school: 3.1 km (~9 min drive) -
Distance to school: 2.3 km (~7 min drive)
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Distance to school: 2.8 km (~8 min drive)
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Catholic Gifted program school
Rank: 1 out of 3022 (Score: 10.0)Distance to school: 3.8 km (~11 min drive) Secondary Schools
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Rank: 422/746 (Score: 5.8) 5 year average: 222/746 (Score: 6.8)Distance to school: 5.4 km (~16 min drive)
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AP program school
Rank: 67/746 (Score: 8.2) 5 year average: 109/746 (Score: 7.5)Distance to school: 1.9 km (~35 min walk) -
Rank: 20/746 (Score: 9.0) 5 year average: 50/746 (Score: 8.0)Distance to school: 7.5 km (~22 min drive)
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AP program school
Rank: 67/746 (Score: 8.2) 5 year average: 109/746 (Score: 7.5)Distance to school: 1.9 km (~35 min walk) -
Rank: 67/746 (Score: 8.2) 5 year average: 109/746 (Score: 7.5)Distance to school: 1.9 km (~35 min walk)
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Catholic Home school
Rank: 1/746 (Score: 10.0) 5 year average: 3/746 (Score: 9.2)Distance to school: 1.4 km (~24 min walk) -
Rank: 1/746 (Score: 10.0) 5 year average: 3/746 (Score: 9.2)Distance to school: 1.4 km (~24 min walk)
-
Rank: 1/746 (Score: 10.0) 5 year average: 3/746 (Score: 9.2)Distance to school: 1.4 km (~24 min walk)
Commute Information
Richmond Hill Go Train Station (2.4km) - Free Parking available, parking lots: 2004
