$4,500,000

2 Bed, 1 Bath, Bungalow home is located near Yonge Street & 16th Avenue in South Richvale.

Attentions Builder and Developer!!! Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the City of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Currently has 3 tenants, fully leased until March 2027. One Residential House with 2 bedrooms. One Warehouse with 2 units and 8000 SF. Perfectly positioned near the bustling intersection of 16th Avenue and Yonge Street, this freestanding warehouse offers excellent access to major routes, including Hwy 407. Located amidst numerous condominium and townhouse developments, it's ideal for future business operations or redevelopment. The versatile zoning accommodates uses such as automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Adding to its appeal, the property includes a house, providing the convenience of living where you work, perfect for streamlining daily routines. Capitalize on this opportunity in a rapidly developing area, with exceptional connectivity and potential for various commercial and mixed-use ventures.

305 Red Maple Rd, Richmond Hill is a 2 bedroom, 1 bathroom residential Bungalow detached home. 305 Red Maple Rd, Richmond Hill is conveniently located in the South Richvale neighbourhood of Richmond Hill Ontario. 305 Red Maple Rd, Richmond Hill is an MLS®-Listed home with an asking price of $4,500,000. This residential property has been listed on ctfrealty.com for 1 days. Based on the Listing Price of 305 Red Maple Rd, Richmond Hill, the estimated monthly mortgage payment would be $21,744. 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 305 Red Maple Rd, Richmond Hill are approximately $16,704/year based on 2023 assessment.

This Bungalow detached home located at 305 Red Maple Rd, Richmond Hill features a Alum Siding & Brick exterior. The lot size of this East facing property is 200 x 165.16 feet. The property has 40 parking spaces. The home has Gas fueled Forced Air heating.