$2,499,000Asking Price
Buy this land together with next door 162 Weldrick Ave (or purchase separately) and secure an impressive combined frontage of over 200 ft x 323.6 ft-ideal for severing into 5-6 lots, selling individually, building luxury custom homes, or exploring a townhome development. rare assemblage creates an exceptional opportunity in a prime Richmond Hill pocket, only two minutes from Yonge Street. The existing beautifully renovated back-split offers strong immediate income while planning future redevelopment. Featuring an outdoor swimming pool and multiple self-contained units with private entrances, this property is perfectly designed for high rental returns. The main level includes 2 bedrooms, 1 bathroom, and an open-concept kitchen. The lower level offers a spacious 2-bedroom suite with walk-out to a private yard and pool, full kitchen, laundry, 3-piece bath, and a cozy fireplace-ideal for extended family or rental income. Exceptional Development, Investment & End-User Opportunity-perfect for builders seeking scale, investors planning redevelopment, or families wanting to live now and build their dream home later. Surrounded by top-ranked schools, parks, shopping, restaurants, G0 Transit, and major highways, this location offers unmatched convenience and long-term value. A truly unique chance to secure high-potential land in one of Richmond Hill's most desirable neighbourhoods.
Buy this land together with next door 162 Weldrick Ave (or purchase separately) and secure an impressive combined frontage of over 200 ft x 323.6 ft-ideal for severing into 5-6 lots, selling individually, building luxury custom homes, or exploring a townhome development. rare assemblage creates an exceptional opportunity in a prime Richmond Hill pocket, only two minutes from Yonge Street. The existing beautifully renovated back-split offers strong immediate income while planning future redevelopment. Featuring an outdoor swimming pool and multiple self-contained units with private entrances, this property is perfectly designed for high rental returns. The main level includes 2 bedrooms, 1 bathroom, and an open-concept kitchen. The lower level offers a spacious 2-bedroom suite with walk-out to a private yard and pool, full kitchen, laundry, 3-piece bath, and a cozy fireplace-ideal for extended family or rental income. Exceptional Development, Investment & End-User Opportunity-perfect for builders seeking scale, investors planning redevelopment, or families wanting to live now and build their dream home later. Surrounded by top-ranked schools, parks, shopping, restaurants, G0 Transit, and major highways, this location offers unmatched convenience and long-term value. A truly unique chance to secure high-potential land in one of Richmond Hill's most desirable neighbourhoods.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 11.48' x 24.61' | Laminate, Backsplash |
| 2 | Office | Lower | 8.53' x 11.81' | Hardwood Floor, Window |
| 3 | Kitchen | Lower | 8.86' x 20.34' | Laminate, Backsplash |
| 1 4-Piece Bathroom on Main Floor | ||||
| 1 3-Piece Bathroom on Lower | ||||
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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.
Kids Per Family
1.1
kids per family
in the neighbourhood.
41%
of residents are
single and loving it.
41% singles
Richmond Hill (39%)
15%
of residents
are renters.
15% renters
Richmond Hill (19%)
49%
of residents are
university grads.
49% university grads
Richmond Hill (54%)Average Household Income
$128K
is the average household
income in the neighbourhood.
Professions
| Sales | 13% |
| Business | 11% |
| Sciences | 8% |
| Management | 8% |
| Trades | 7% |
58%
of residents were
born outside of Canada.
58% immigrants
Richmond Hill (59%)15.0% from Iran
All-time
6.4% from Iran
Recent
Foreign Languages
| Persian | 15% |
| Russian | 9% |
| Italian | 5% |
| Mandarin | 4% |
| Cantonese | 4% |
Religions
| Christian | 59% |
| Muslim | 9% |
| Jewish | 9% |
| Buddhist | 2% |
| Hindu | 1% |