$2,099,900Asking Price
121 May Avenue, Richmond Hill, ON L4C 3S7
North Richvale, Richmond Hill
An exclusive investment opportunity in the prestigious North Richvale community! This property sits on a premium 67 ft wide lot, offering unparalleled potential for builders, developers, and investors. While the previously approved permit for a 4,000 sq. ft. home with a 4-car garage has expired, it serves as an invaluable reference for future development, buyers will need to reapply. The existing detached bungalow is move-in ready, boasting a spacious open layout, hardwood floors, crown molding, and a cozy wood-burning fireplace. A finished 2-bedroom basement apartment with a separate entrance provides excellent rental income potential. Ideally situated near top-tier amenities, including public transit, lush parks, premier shopping centres, and fine dining, this prime real estate is surrounded by multi-million-dollar estates, making it a rare and lucrative investment in a high-demand neighbourhood . Nearby Top-Rated Schools: Charles Howitt Public School (1.5 km), St. Anne Catholic Elementary School (1.3 km), Ross Doan Public School (2.0 km), Richmond Hill High School (3.5 km), Alexander Mackenzie High School (2.8 km), Langstaff Secondary School (4.2 km), St. Theresa of Lisieux Catholic High School (4.5) km), St. Marguerite d'Youville Catholic Elementary School (3.8 km).
An exclusive investment opportunity in the prestigious North Richvale community! This property sits on a premium 67 ft wide lot, offering unparalleled potential for builders, developers, and investors. While the previously approved permit for a 4,000 sq. ft. home with a 4-car garage has expired, it serves as an invaluable reference for future development, buyers will need to reapply. The existing detached bungalow is move-in ready, boasting a spacious open layout, hardwood floors, crown molding, and a cozy wood-burning fireplace. A finished 2-bedroom basement apartment with a separate entrance provides excellent rental income potential. Ideally situated near top-tier amenities, including public transit, lush parks, premier shopping centres, and fine dining, this prime real estate is surrounded by multi-million-dollar estates, making it a rare and lucrative investment in a high-demand neighbourhood . Nearby Top-Rated Schools: Charles Howitt Public School (1.5 km), St. Anne Catholic Elementary School (1.3 km), Ross Doan Public School (2.0 km), Richmond Hill High School (3.5 km), Alexander Mackenzie High School (2.8 km), Langstaff Secondary School (4.2 km), St. Theresa of Lisieux Catholic High School (4.5) km), St. Marguerite d'Youville Catholic Elementary School (3.8 km).
See MoreKey Info
- Bungalow Detached
- 8-Car Driveway
- 2-Car Attached Garage
- Yonge St/ May Ave
- 700-1100 Approximate Sq Feet
- Basement Apartment
- 2 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 67 x 113.33 Feet
- Vinyl Siding Exterior
- Taxes were $6,174 in 2024
- Possession: TBD
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #N12040660
- HOMELIFE/MIRACLE REALTY LTD
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | 11.32' x 10.24' | Granite Counters, Ceramic Floor, Overlooks Living |
 | 1 1-Piece Bathroom on Main Floor | |||
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Who lives here?
North Richvale, Richmond Hill is a north GTA neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of recent immigrants from Iran and those from Iran, and Italian, Persian and Russian speakers. Residents tend to be older with a significant number of adults aged 55 to 64 and seniors aged 65 to 74.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
41%
of residents are
single and loving it.
41% singles
Richmond Hill (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
15%
of residents
are renters.
15% renters
Richmond Hill (19%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
49%
of residents are
university grads.
49% university grads
Richmond Hill (54%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$128K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 13% |
| Business | 11% |
| Sciences | 8% |
| Management | 8% |
| Trades | 7% |
Immigrants
58%
of residents were
born outside of Canada.
58% immigrants
Richmond Hill (59%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
15.0% from Iran
All-time
Birthplace - Recent
6.4% from Iran
Recent
Foreign Languages
Foreign Languages
| Persian | 15% |
| Russian | 9% |
| Italian | 5% |
| Mandarin | 4% |
| Cantonese | 4% |
Religions
Religions
| Christian | 59% |
| Muslim | 9% |
| Jewish | 9% |
| Buddhist | 2% |
| Hindu | 1% |
