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$ 3,780,000
Est. payment /mo
New
429 16th AVE Richmond Hill, ON L4C 7A7
3 Beds
1 Bath
0.5 Acres Lot
UPDATED:
01/31/2025 05:02 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision Langstaff
MLS Listing ID N11947560
Style Bungalow
Bedrooms 3
Annual Tax Amount $9,563
Tax Year 2024
Lot Size 0.500 Acres
Property Description
Prime Development Opportunity! Zoned for Mixed-Use Development with Montessori School Opportunity Located On 16th Avenue In A Highly Sought-After Area, This Exceptional Property With 82 Feet Frontage Offers Outstanding Potential For Development. Previously Zoned R6 (Permitting Two Detached Houses In The Back) And SR-1 In The Front, The Property Now Features Enhanced Versatility With Institutional Zoning For The SR-1 Portion, Allowing For Residential Use Or A Day Nursery. The Site Plan Approval (SPA) And Permits Including Demolition, Site Servicing, And Building Permits Are Ready To Be Transferred To The New Owner (For An Applicable Fee) For A Montessori School Project. The Plans Allow For A Capacity Of 80 Students, Expandable To 90 Students, And Include 4 Classrooms, 3 Administrative Offices, A Full-Service Kitchen, Indoor/Outdoor Play Areas, And 16 Parking Spaces. These Ready-To-Build Plans Provide A Seamless Development Path While Allowing Flexibility For Other Uses Within The Existing Zoning.With The Simultaneous Sale Of The Adjacent Property, This Site Presents A Rare Land Assembly Opportunity, Ideal For Large-Scale Residential, Commercial, Or Mixed-Use Developments. Located In The Heart Of A Rapidly Growing Development District And Surrounded By Vibrant Neighbourhoods, This Property Offers Unparalleled Potential For Developers, Investors, Or Educational Institutions.Don't Miss The Chance To Secure A Key Piece Of Real Estate In One Of Richmond Hill's Most Dynamic And Fast-Growing Areas!
Location
Province ON
County York
Community Langstaff
Area York
Rooms
Family Room Yes
Basement Partially Finished
Kitchen 1
Interior
Interior Features None
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 10.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 82.7
Lot Depth 271.7
Total Parking Spaces 12
Building
Foundation Block
Others
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY LTD.
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