Property Information:

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. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Bungalow
Basement Type: None
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 1100 - 1500 sqft
Foundation Type: Unknown
Heating Type: Other
Heating Fuel: Other

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 335.2 Feet
Lot Frontage: 122.8 Feet
Lot Size: 122.9 x 335.2 FT
Zoning: Residential
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 5

Courtesy of: RE/MAX ELITE REAL ESTATE

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Demographic Information of 196 ELGIN MILLS ROAD W, Richmond Hill, Ontario, L4C 4M2

Life Stage

Older Parents, Younger Kids

Employment Type

Mixed

Average Household Income

$161,212.27

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.08 %

High school certificate or equivalent

28.75 %

Apprenticeship trade certificate/diploma

3.45 %

College/non-university certificate

15.66 %

University certificate (below bachelor)

1.18 %

University Degree

38.88 %

Commuter

Travel To Work

By Car

92.59 %

By Public Transit

2.96 %

By Walking

0.5 %

By Bicycle

0.0 %

By Other Methods

3.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.69 %

Houses

90.31 %

196 ELGIN MILLS ROAD W, Richmond Hill, Ontario, L4C 4M2