For Sale - 75 Spruce Avenue, Richmond Hill, Ontario

Est payment $8,874/mo
Views   1
Time on Jump  1 days
  • Large south-facing lot offers significant potential for development or rental income.
  • Located in a highly desirable neighborhood with ongoing improvements.
  • Existing home requires work, providing a chance to create a custom space.
  • Ideal investment opportunity with options for short-term rental income.
  • Prestigious location surrounded by luxury homes and future developments.



Opportunity knocks in one of richmond hill's most desirable and highly sought-after neighborhoods, south richvale. Situated on a premium 10,882 sq. Ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some tlc, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2years as the market evolves for secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, location, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity.
Listing IDN13042658
Address75 Spruce Avenue
CityRichmond Hill, Ontario
Price$1,848,000
Bed / Bath4 / 3 Full
Style2-Storey, Detached
ConstructionBrick
TypeResidential
StatusFor Sale
Subtype DetachedIndoor Features In-Law CapabilityAmenities Greenbelt/ConservationOwnership FreeholdBasement Partially FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 6.00
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Listing Agency:  RE/MAX HALLMARK YORK GROUP REALTY LTD.

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75 Spruce Avenue
Richmond Hill , Ontario
4 3 $1,848,000
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