For Sale

305 Red Maple Road, Richmond Hill (South Richvale), Ontario L4C6P2

$4,500,000

305 Red Maple Road, Richmond Hill (South Richvale), Ontario L4C6P2 is For Sale and has a listing price of 4,500,000. The property is located in the Langstaff neighbourhood. It's been on the website for 109 Days.

  • Single Family
    Property Type
  • Detached
    Building Style
  • 2
    Bedrooms
  • 1
    Bathrooms
  • 40
    Parking Spaces
  • MLS ID: N9305639
  • Office Name RE/MAX ELITE REAL ESTATE,RE/MAX ELITE REAL ESTATE
Property Description

Attentions Builder and Developer!!! Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the City of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Currently has 3 tenants, fully leased until March 2027. One Residential House with 2 bedrooms. One Warehouse with 2 units and 8000 SF. Perfectly positioned near the bustling intersection of 16th Avenue and Yonge Street, this freestanding warehouse offers excellent access to major routes, including Hwy 407. Located amidst numerous condominium and townhouse developments, it’s ideal for future business operations or redevelopment. The versatile zoning accommodates uses such as automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Adding to its appeal, the property includes a house, providing the convenience of living where you work, perfect for streamlining daily routines. Capitalize on this opportunity in a rapidly developing area, with exceptional connectivity and potential for various commercial and mixed-use ventures. **** EXTRAS **** The adjacent land is also for sale N8477584 (id:43137)

Property Details
  • Bedrooms: 2
  • MLS ID: N9305639
  • Bathrooms: 1
  • Price: $4,500,000
  • Transaction Types: For Sale
  • Ref ID: 27381363
  • Year Built: N/A
  • Building Type: House
  • Building Style: Detached
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
09/06/2024 N9305639 $4,500,000 For Sale - -
07/15/2024 N9039322 $4,500,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Langstaff
  • $910,701 Average List Price
    based on 1 year
  • 53 New Listings
    based on 30 days
  • 33 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.71 % Below
  • Sold (12mo) 206
  • Rented (12mo) 457

  • 1 Month Change +13.0%
  • 3 Month Change +16.4%
  • 6 Month Change +36.0%
Walkscore
  • 53 Walk Score
    Somewhat Walkable
  • 58 Transit Score
    Good Transit
  • 40 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    23.58%
  • Commercial
    2.11%
  • Condo
    74.31%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Style Bungalow
  • Basement2 N/a (partially Finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Aluminum Siding
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 40
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 06/09/2024 00:00:00
  • Zoning R(d1*704)
  • Agent Name: FENGXIA SHIRLEY JI,IVY ZHANG
  • Last Updated: 16/10/2024 16:02:15
Open House Dates
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