281 Elgin Mills Road W,Richmond Hill, ON L4C 4M1
Richmond Hill, ON 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. Bring your vision, explore the possibilities, and take the next step toward your next successful project!
Details
| MLS # | N14119826 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 17 |
| Listing Provided By | RE/MAX REALTRON REALTY INC. | N14119826 498500 |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 |
| Garage | 1 |
| Basement | Y |
| Acreage | 0.50 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Unknown |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 8019 |
|---|---|
| Tax Legal Description | PT LT 24 PL 1931 VAUGHAN PT 1 65R5423 ; RICHMOND HILL |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | York |
| City | Richmond Hill |
| Postal Code | L4C 4M1 |
| Area | Mill Pond |
| Listing VS Median (in L4C 4M1) | |
Price: $2,199,000 low | high Med: $0 On site: 17 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | York |
| City | Richmond Hill |
| Postal Code | L4C 4M1 |
| Area | Mill Pond |
| Listing VS Median (in L4C 4M1) | |
Price: $2,199,000 low | high Med: $0 On site: 17 low | high Med: | |
