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    For Sale - 281 Elgin Mills Road, Richmond Hill, Ontario

    Est payment $10,559/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Substantial 102 x 212 ft infill site in a desirable, supply-constrained corridor.
    • Proposed plans envision 10 to 11 freehold townhomes, about 2,000 sq. ft. each.
    • Potential for purpose-built rental development; site plan available for review.
    • Steps from transit, shopping, schools, parks, a hospital, and everyday amenities.
    • Existing homes may provide rental income during the holding period, subject to requirements.




    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!
    Listing IDN14119826
    Address281 Elgin Mills Road
    CityRichmond Hill, Ontario
    Price$2,199,000
    Bed / Bath3 / 3 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherAmenities Greenbelt/Conservation, Hospital, Library, Ravine, School Bus RouteOwnership FreeholdBasement FullFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 11.00
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    Listing Brokerage: RE/MAX REALTRON REALTY INC.

    * 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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    281 Elgin Mills Road
    Richmond Hill , Ontario
    3 3 $2,199,000
    Get more info