282-292 Elgin Mills Rd W - Residential LAND FOR SALE


Richmond Hill, ON L4C 9L6 32,234 SF
$5,900,000 CAD
416-561-7838
282-292 Elgin Mills Rd W, Richmond Hill, ON for Sale
$5,900,000 CAD
Residential LAND - FOR SALE
1/2
32,234 SF

282-292 Elgin Mills Rd W
Richmond Hill, ON L4C 9L6


HIGHLIGHTS

  • Fully approved (ZBA & SPA) - 3 to 4 years saved - for 15 freehold POTL townhomes.
  • Premium Yonge corridor location.
  • Large format units unit market average size: 2200-2900 square feet.
  • Income in place at ~$10,000 per month.

OVERVIEW

Rare opportunity to acquire a fully approved 15 unit townhouse development in the highly desirable Yonge & Elgin Mills corridor in Richmond Hill. This project features Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) in place, significantly reducing entitlement risk and saving 3 to 4 years of planning timeline for the buyer. The proposed development consists of 15 large format 3-storey POTL townhomes (9 three-bedroom and 6 four-bedroom units) with attached garages, private outdoor spaces, and roof terraces. Total buildable area is approximately 41,335 sq ft. Located in a premium infill location with strong end user demand, the site benefits from proximity to Yonge Street transit, top rated schools, parks, and major amenities. Existing properties on site generate rental income during holding period. Ideal for mid sized builders, developers, or investors seeking a shovel ready project in a supply constrained market. Vendor open to sale or joint venture structure. Information package available upon request.

FOR SALE DETAILS

PRICE

$5,900,000 CAD

PRICE/ACRE

$7,972,973/AC

PRICE/SF

$183 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

0.74 AC

LAND SF

32,234 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM1 Zone

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

CHERYL KWANLiving Realty Inc., BrokerageMore Info
416-561-7838

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CHERYL KWANLiving Realty Inc., BrokerageMore Info
416-561-7838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.