A prime development and investment opportunity in the heart of Richmond Hill, just two minutes from Yonge Street. This high-potential redevelopment site must be purchased with 114 Weldrick Ave(there is option to be purchased separately as well), offering possibilities for town home development or severance into 3-4 lots. Great potential of generating rental income permonth.this property provides a strong turnkey investment while planning for future development.Fully renovated two-story back-split is thoughtfully designed with multiple units, each featuring modern finishes & private entrances. The main level offers three bedrooms and three bathrooms, including a primary suite with double walk-in closet and 3-piece ensuite. The updated kitchen boasts quartz countertops, stainless steel appliances, and an open-concep tlayout, seamlessly connecting to the bright living and dining areas, complete with pot lights throughout. The back-split unit features a walkout to a private backyard, a spacious living room with a fireplace, a full kitchen with laundry, and two bedrooms with a five-piece bathroom. The finished basement further enhances the property's value with three separate in-law suites, including one in lower level and two in the basement, each with its own private entrance to the outside. The first suite includes one bedroom, a three-piece bathroom, a wet bar, a full kitchen, and a living area with pot lights throughout. The second suite features two bedrooms, a three-piece bathroom, a full kitchen, and a spacious living area, providing ideal space for extended family or tenants. Situated in a high-demand neighborhood, just minutes from public transit, major highways, shopping, restaurants, and top-rated schools, thisproperty presents incredible potential for investors, builders, and developers.Whether you're looking to Live, Redevelop, Potential to Generate income, or hold for future appreciation, this is an unmatched opportunity in a rapidly growing community.
6 months
On Market
Detached
Property Type
$8,750 / Year
Est. Annual Taxes
Backsplit 3
Style
Built-In
Garage
Finished
Basement
Location & Areas
Home Details
Lot Depth:
175 Feet
Lot Size:
-
Style:
Backsplit 3
Exterior Construction:
Brick
Roof Material:
Shingles
Patio/Deck:
-
Driveway:
Pvt Double
Swimming Pool:
None
Instant Estimate
$4,368,170
+$4,368,169 above list price
Upper range
$4,901,066
Mid range
$4,368,170
Lower range
$3,835,273
Schools nearby
Listing Brokerage
MLS® Listing
N11980487
Brokerage
RE/MAX REALTRON REALTY INC.
RE/MAX REALTRON REALTY INC. - Disclaimer: The information contained in this listing has not been verified by RE/MAX REALTRON REALTY INC. and should be verified by the buyer.
Data is deemed reliable but not guaranteed accurate by TRREB.
