$4,250,000
Available - For Sale
Listing ID: N13486488
196 Elgin Mills Road West , Richmond Hill, L4C 4M2, York
| 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. |
| Price | $4,250,000 |
| Taxes: | $15910.00 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 196 Elgin Mills Road West , Richmond Hill, L4C 4M2, York |
| Postal Code: | L4C 4M2 |
| Province/State: | York |
| Legal Description: | PART LOT 7 PLAN 2404, PARTS 1, 3 & 5, 65 |
| Directions/Cross Streets: | Yonge/ Elgin Mills |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 0.95 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Sewers: | Septic |
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| RE/MAX ELITE REAL ESTATE |
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FENGXIA SHIRLEY JI
Broker
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416-888-0505
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1-888-884-0105
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At a Glance:
| Type: | Com - Land |
| Area: | York |
| Municipality: | Richmond Hill |
| Neighbourhood: | Westbrook |
| Tax: | $15,910 |
| Fireplace: | N |
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