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$3,780,000
Available - For Sale
Listing ID: N11947560
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!
Extras:   Legal Description: PART LOT 17 PLAN 3806 PARTS 2, 4 & 5 65R38961 CITY OF RICHMOND HILL
Price $3,780,000
Taxes: $9,563
Assessment: $1337000
Assessment Year: 2025
Address: 429 16th Ave , Richmond Hill, L4C 7A7, Ontario
Lot Size: 82.7 x 271.7 (Feet)
Acreage: .50-1.99
Directions/Cross Streets: Yonge & 16th
Rooms: 7
Bedrooms: 3
Washrooms: 1
Kitchens: 1
Family Room: Y
Basement: Part Fin
No. of Pieces Level
Washroom 1:  4 Ground
Property Type: Detached
Style: Bungalow
Exterior: Vinyl Siding
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 10
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Sewers: Sewers
Water: Municipal
Utilities-Hydro: Y
Utilities-Gas: Y
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RE/MAX HALLMARK REALTY LTD.

429 16th Ave , Richmond Hill, L4C 7A7, Ontario

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MD Ashraful Bari
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: York
Municipality: Richmond Hill
Neighbourhood: Langstaff
Style: Bungalow
Lot Size: 82.70 x 271.70(Feet)
Approximate Age:
Tax: $9,563
Maintenance Fee: $0
Beds: 3
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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