Corner Lot On Yonge Street - North Of Elgin Mills. 1.09 Ac

$1

For Sale: Land in Richmond Hill, ON

Maziar Moini

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Listing Details

Description

This Development land is on Yonge Street - Corner lot - North of Elgin Mills. 1.09 AC Lot Potential for 25 storey building with Mixed use in one acre. Average Sale price per sqf in Richmond hill for a Pre-construction condos are about $1,200 /sqf + Excellent Location: Richmond Hill is strategically located, offering easy access to major highways and transportation hubs. It is conveniently situated near Richmond Hill Go Station Rail Commuter Rail, King City Go Station Rail Commuter Rail, and various airports, including Buttonville Municipal Airport, Billy Bishop Toronto City Airport, and Toronto Pearson International Airport. Vibrant Community: Richmond Hill is known for its welcoming and diverse community. It offers a range of cultural events, festivals, and recreational activities for residents of all ages. Education: The city boasts excellent educational institutions, including top-rated schools and prestigious post-secondary options. Families with children can benefit from the high-quality education available in the area. Natural Beauty: Richmond Hill is surrounded by beautiful parks, trails, and green spaces, providing opportunities for outdoor activities and a healthy lifestyle. Residents can enjoy the scenic beauty of the area while staying active. Amenities and Entertainment: The city offers a wide range of amenities, including shopping centers, restaurants, entertainment venues, and recreational facilities. There is always something to do and explore in Richmond Hill. Real Estate Potential: Richmond Hill has a strong real estate market, offering attractive investment opportunities. The average sale price per square foot for pre-construction condos in the area is around $1,200/sqf, indicating the potential for value appreciation. This land is located in a gateway to the Harris Beach Area and has great potential for development. With a 5.5 FSI (Floor Space Index) granted to the KDA (Kingston Downtown Association), there is the possibility of a potential GFA of 261,255.995 buildable square footage. The land offers the opportunity for a 25-storey building with mixed-use in one acre. Richmond Hill offers attractive pre-construction comps in the area, such as Westwood Gardens, 8888 Yonge Street Condos, 8188 Yonge Condos, NEXT ELGIN EAST PHASE 2 CONDOS, and Y8700 Condos. These developments have average sale prices per square foot ranging from $1,150 to $1,250, indicating the potential for lucrative investment returns. Don't miss out on this opportunity to invest in a prime residential land in Richmond Hill. With its excellent location, vibrant community, natural beauty, and real estate potential, Richmond Hill is an ideal place to live and invest. Contact us now to learn more about this listing and explore the possibilities it offers Transit access: • VIVA at your door step • Richmond Hill Go Station Rail Commuter Rail (Richmond Hill Train) 10 min • King City Go Station Rail Commuter Rail (Barrie Train) 12 min • Airport Drive Distance Buttonville Municipal Airport 16 min 10.5 mi • Billy Bishop Toronto City Airport 51 min 28.5 mi • Toronto Pearson International Airport 47 min 29.1 mi

Location & nearby

This listing is located in Richmond Hill, ON k0a 2z0

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