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    For Sale - 196 Elgin Mills Road, Richmond Hill, Ontario

    Est payment $19,203/mo
    Get pre-qualified
    Views   1
    Time on Jump  1 days

    AI Summary *

    • 0.95 acre lot with a spacious 3,000 sq.ft. residence and double-car garage.
    • Possibility of rental income while considering future development options.
    • Past concepts included 14 townhouses and 2 detached homes.
    • Ideal for developers, investors, and builders seeking growth opportunities.
    • Situated in a desirable Richmond Hill location with significant potential.




    This property is under power of sale. 0. 95 acre of land together with an existing detached residence of approximately 3,000 sq. Ft. With a double-car garage - 41 cooperage cres (61. 51 x164. 49), providing potential rental income or interim use while pursuing future development plans. Previous development concepts contemplated approximately 14 townhouse units and 2 detached dwellings (buyer to conduct their own due diligence and verify all development potential with the municipality). An exceptional opportunity for developers, investors, land bankers and builders. Generate holding income from the existing residence while advancing planning applications, site plan approvals, redevelopment proposals, or potential future land assembly opportunities. Properties of this size and location rarely become available, and even more rarely under power of sale. Whether your strategy is redevelopment, investment, land banking, or assembly, this property offers significant upside potential in a highly desirable richmond hill location. Sold on an "as is, where is" basis. Buyer to conduct their own due diligence regarding zoning, planning, development potential, permitted uses, and all other matters. However, historical planning, engineering, and development-related materials may be available for review.
    Listing IDN13474770
    Address196 Elgin Mills Road
    CityRichmond Hill, Ontario
    Price$3,999,000
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement NoneFoundation UnknownHeating / Cooling OtherHeating Fuel OtherSewer Sewer

    Parking 5.00
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    Listing Agency:  RE/MAX ELITE REAL ESTATE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    Loading...
    196 Elgin Mills Road
    Richmond Hill , Ontario
    $3,999,000
    Get more info