$5,900,000
282-292 Elgin Mills Rd W
Richmond Hill, ON L4C 4M2
282-292 Elgin Mills Rd W, Richmond Hill — Listed at $5,900,000 Land. MLS® N12950608.
Description
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.
Property Details
Business Details
Listing Courtesy of: KW Living Realty
MLS® #N12950608
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About Richmond Hill Real Estate
This Land is located in the Westbrook community in Richmond Hill. Richmond Hill sits at the heart of York Region, offering a mix of estate homes, townhome communities, and new condo developments along Yonge Street. The city is well-served by the Richmond Hill GO line and Viva BRT. David Dunlap Observatory lands provide green space, while the Yonge/16th corridor is evolving into a vibrant urban centre.