$3,780,000

3 Bed, 1 Bath, Bungalow home is located near Yonge & 16th in Langstaff.

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

429 16th Ave, Richmond Hill is a 3 bedroom, 1 bathroom residential Bungalow detached home. 429 16th Ave, Richmond Hill is conveniently located in the Langstaff neighbourhood of Richmond Hill Ontario. 429 16th Ave, Richmond Hill is an MLS®-Listed home with an asking price of $3,780,000. This residential property has been listed on ctfrealty.com for 1 days. Based on the Listing Price of 429 16th Ave, Richmond Hill, the estimated monthly mortgage payment would be $18,265. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 429 16th Ave, Richmond Hill are approximately $9,563/year based on 2024 assessment.

This Bungalow detached home located at 429 16th Ave, Richmond Hill features a Vinyl Siding exterior. The lot size of this South facing property is 82.7 x 271.7 feet. The property has 10 parking spaces with 2 car Detached garage. The home has Gas fueled Forced Air heating.