$4,710,000

5 + 3 Bed, 6 Bath, Backsplit 3 home is located near WELDRICK RD W & KERSEY CRES in North Richvale.

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.

116 Weldrick Rd W, Richmond Hill is a 5 + 3 bedroom, 6 bathroom residential Backsplit 3 detached home. 116 Weldrick Rd W, Richmond Hill is conveniently located in the North Richvale neighbourhood of Richmond Hill Ontario. 116 Weldrick Rd W, Richmond Hill is an MLS®-Listed home with an asking price of $4,710,000. This residential property has been listed on ctfrealty.com for 1 days. Based on the Listing Price of 116 Weldrick Rd W, Richmond Hill, the estimated monthly mortgage payment would be $22,758. 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 116 Weldrick Rd W, Richmond Hill are approximately $8,750/year based on 2024 assessment.

This Backsplit 3 detached home located at 116 Weldrick Rd W, Richmond Hill features a Brick exterior. The lot size of this North facing property is 65 x 175 feet. The property has 4 parking spaces with 2 car Built-In garage. The home has Gas fueled Forced Air heating. This property features at least 1 fireplace. The living room at main level has combined w/dining, large window, pot lights. The dining room at main level has combined w/living, pot lights, window. The kitchen at main level has eat-in kitchen, pot lights, w/o to deck. The breakfast room at main level has combined w/kitchen, pot lights, laminate. The master bedroom at upper level has 4 pc ensuite, w/i closet, pot lights. The 2nd bedroom at upper level has pot lights, window, closet. The 3rd bedroom at upper level has pot lights, window, closet. The living room at lower level has combined w/dining, pot lights, fireplace. The dining room at lower level has combined w/kitchen, pot lights, open concept. The kitchen at lower level has stainless steel appl, w/o to yard, pot lights. The bedroom at lower level has closet, pot lights, large window. The bedroom at lower level has pot lights, laminate.