163 Elgin Mills Rd W, Richmond Hill - Detached Home

163 Elgin Mills Rd W

LocationMill Pond, Richmond Hill, L4C 4M3
$1.188M For Sale
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Description

Amazing Value for Investors and Developers. The Time to Buy Land is Now. Premium Quarter Acre Lot in Prime Richmond Hill. 52.8 x 225.1 FT, Possibilities are endless. Discover the Charm of this Original Home. Move in, Rebuild, Reface or Generate potential income with 2-unit setup. Buyer and Buyer's Agent to verify all measurements and retrofit compliance. Close to Top Ranked Schools, Parks, Trails, Hospital, Library, and Downtown Richmond Hill. **Photos Contain A.I Staging Effect**

Features

  • House Facing
    Facing: South
  • Bedrooms
    Bedrooms: 3
  • Bathrooms
    Bathrooms: 2
  • Garages
    Garages:
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 52.80 x 225.10 Feet
  • Lot Depth
    Space: 1100-1500
  • Tax Amount
    Tax: $ 6728.90
  • MLS
    N13719126
  • Listing contracted with: RE/MAX REALTRON REALTY INC.
Room Size(M) Description
Laundry3.50x4.25

Ceramic Floor

Family Rm3.80x4.80

Hardwood Floor, Wood Stove, Sunken Rm

Kitchen5.50x3.50

Ceramic Floor, Walk-Out, Double Sink

Recreatio6.25x3.70

W/O To Garden

Kitchen3.50x5.50

Ceramic Floor, Breakfast Area, W/O To Patio

Study2.50x3.00

Ceramic Floor

3rd Br3.00x2.70

Ceramic Floor, B/I Closet

Primary B3.60x3.20

Hardwood Floor, B/I Closet

Dining Rm3.80x3.40

Ceramic Floor, Overlooks Garden

Laundry2.00x2.00

Ceramic Floor, Side Door, W/O To Garden

2nd Br3.50x3.20

Ceramic Floor, B/I Closet

Living Rm3.80x3.40

Ceramic Floor



Bathroom Pieces Level
1xBath4 pcs

Main

1xBath3 pcs

Basement



Property Summary

Located close to the intersection of Regent and Yonge, 163 Elgin Mills Rd W is a 3+1 bedrooms 2 washrooms Detached. The property has many nice features including Other. Family Room Rm, Kitchen, third bedroom, Primary B, Dinning Room Rm, Laundry, second bedroom and Living Room Rm are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 5.8% compared with the same period last year.

Rent levels have increased 6.5% compared with the same period last year.

Recent Comparable Value Range
$900,000 – $1,230,000
Recent 6-Month Rent Range
$3,150 – $4,100/month

How This Home Compares

Market Temperature
Seller's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Inventory conditions currently favour sellers of similar homes.
Typical Selling Time
20 Days
Similar homes are selling in about 20 days, slower than the same period last year.
Price Position
11.5% Higher
The asking price is above the estimated value of comparable homes.

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



Commute Information

GTA Go Train Richmond Hill Go Train Station (2.2km) - Free Parking available, parking lots: 2004

Location





Community Overview

163 Elgin Mills Rd W is at North East Corner of Mill Pond Community. Mill Pond community runs from Yonge St on the East to Major Mackenzie in the south, Bathurst St on the west, and Elgin Mills in the north. With its lush setting and home to various wildlife species, the pond attracts many visitors and residents alike. Most residential real estate in Mill Pond was constructed pre-1960 and in the 1960s, and about 25% of homes in Mill Pond were built between 1980 and 1990. In past 3 months, 21 Detached homes were sold at average of $1.33M. The community attracts many new immigrants to settle down. In 163 Elgin Mills Rd W neighbourhood, you will find many residents are Italian, Chinese, Jewish, Iranian, and German. The nearest Go station is the Richmond Hill Go. Mill Pond Park is a popular outdoor recreation and entertainment area. Many local shops and restaurants are available along Yonge Street in Richmond Hill's historic downtown district. The mature neighbourhood of Mill Pond Richmond Hill features distinctive heritage homes and streets lined with mature trees. The area surrounds Mill Pond, which is a major outdoor entertainment area in Richmond Hill's thriving community.


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