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MLS® N12950608
Richmond Hill, ON
Rare opportunity to acquire a fully approved 15 unit townhouse development in the highly desirable Yonge & Elgin Mills corridor in Richmond Hill. This project features Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) in place, significantly reducing entitlement risk and saving 3 to 4 years of planning timeline for the buyer. The proposed development consists of 15 large format 3-storey POTL townhomes (9 three-bedroom and 6 four-bedroom units) with attached garages, private outdoor spaces, and roof terraces. Total buildable area is approximately 41,335 sq ft. Located in a premium infill location with strong end user demand, the site benefits from proximity to Yonge Street transit, top rated schools, parks, and major amenities. Existing properties on site generate rental income during holding period. Ideal for mid sized builders, developers, or investors seeking a shovel ready project in a supply constrained market. Vendor open to sale or joint venture structure.
Broker
KW Living Realty
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Land
282-292 Elgin Mills Road W Richmond Hill
Richmond Hill
Type
Land
Parking
None
Property Tax
~$15,234/yr
Heating
None
Buying Essentials
Square Feet
1 sqft
Parking
None
Finances
List Price
$5,900,000
Price per SQFT
$5,900,000/sqft
Property Tax
~$15,234/yr
Property Specs
Property Type
Land
MLS Size
1 sqft
Living & Amenities
Heating Type
None
Policies & Utilities
Neighbourhood
Richmond Hill
Listed On
Apr 2, 2026
Days on Market
Current: 219 days
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