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

$4,250,000

MLS® # N13486498

House For Sale In Westbrook, Richmond Hill, Ontario

$4,250,000

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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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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