trreb/IMG-N9347356_1.jpg
102 days on Market

245 Elmwood Ave, Richmond Hill, Ontario L4C 1L3

Detached
2 + 1
2
- sqft
$1
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Detached
2 + 1
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$0/mo

Tax Amount (2024)$6,058/yr

Days On Market102 days


Description

Great investment for 50.12 x 210.25 ft Bungalow in a multi-family & mid-rise development area. Development Potential for a 10 Plex Multi residential building, with 100% construction loan from CMHC. One of the best investment and income property.


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size10,525 SqFt(210 x 50.12)
Parking Spaces7
MLS ®NumberN9347356
Community NameHarding Park
Data SourceTRREB
Listing byRE/MAX REALTRON REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Sep Entrance

Bsmt Floor

Laundry

3.29 x 3.35

Laminate / Window / Stainless Steel Appl

3rd Br

4.09 x 3.90

His/Hers Closets / Window / Laminate

Family

6.22 x 3.71

Combined W/Office / 4 Pc Bath / Laminate


Features

Lot size: 10,525 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 6

Total parking spaces 7


Property listed by RE/MAX REALTRON REALTY INC., Brokerage

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Market Data - Harding Park

Seller's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2023

53 days

2022

0 day

2021

19 days

New Listings

Past 30 days

16 listings

Compared to

2023

14 listings

2022

0 listing

2021

14 listings

Units sold

Past 30 days

8 units

Compared to

2023

4 units

2022

0 unit

2021

10 units

Median Sold Price

Past 30 days

$1,787,000

Compared to

2023

$1,705,000

2021

$1,512,500


Population and Demographics

Overview

Total population 14903
Average household income $110,279

Age (%)

65 and plus
23%
50 to 64
22%
35 to 49
19%
20 to 34
18%
0 to 19
18%

Household composition (%)

Single family
65%
Single person
31%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
42%
Iranian Persian
13%
Yue (Cantonese)
11%
Mandarin
10%
Russian
6%
Italian
3%
Persian (Farsi)
2%
Tagalog (Pilipino, Filipino)
2%
Korean
2%
Spanish
1%
Arabic
1%
Others
1%

House tenancy (%)

Owners
64%
Renters
36%

Schools and amenities

Estimated Budget