Property Information:

EXCEPTIONAL VALUE, in one of Richmond Hill's most desirable and highly sought-after neighborhoods, SOUTH RICHVALE. Situated on a premium 10,882 sq. ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some TLC, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2 years as the market evolves or secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, locating, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity. (id:27)

Building Features:

Style: Detached
Building Type: House
Amenities:
Basement Development: Partially finished
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick
Fireplace: Yes
Floor Space: 2000 - 2500 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3+1
Bathrooms: 3
Half Bathrooms: 1
Features: Conservation/green belt
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 241.8 Feet
Lot Frontage: 45 Feet
Lot Size: 45 x 241.9 FT
Sewer: Sanitary sewer
Parking Type: Garage
No. of Parking Spaces: 6

Courtesy of: RE/MAX HALLMARK YORK GROUP REALTY LTD.

More Detail

Less Detail

Demographic Information of 75 SPRUCE AVENUE, Richmond Hill, Ontario, L4C 6V9

Life Stage

Nearly Retired

Employment Type

Mixed

Average Household Income

$117,673.99

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.15 %

High school certificate or equivalent

26.71 %

Apprenticeship trade certificate/diploma

3.53 %

College/non-university certificate

15.61 %

University certificate (below bachelor)

1.52 %

University Degree

38.48 %

Commuter

Travel To Work

By Car

84.45 %

By Public Transit

12.5 %

By Walking

0.8 %

By Bicycle

0.0 %

By Other Methods

2.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.02 %

Houses

43.98 %

75 SPRUCE AVENUE, Richmond Hill, Ontario, L4C 6V9