A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 429 16th Ave, Richmond Hill Ontario L4C 7A7
67 days on Market

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

Detached
3
1
- sqft
$3,780,000
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Detached
3
1
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$16,233/mo

Tax Amount (2024)$9,563/yr

Days On Market67 days


Description

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


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size22,469 SqFt(271.7 x 82.7)
Parking Spaces12
MLS ®NumberN11947560
Community NameLangstaff
Data SourceTRREB
Listing byRE/MAX HALLMARK REALTY LTD.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Part Fin

Features

Lot size: 22,469 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 10

Total parking spaces 12


Property History

Jan 29, 2025
ListedActive
$3,780,000
67 days on market
history photo preview4
Listing by trreb®
Property listed by RE/MAX HALLMARK REALTY LTD., Brokerage

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Market Data - Langstaff

Geo Zone Map ThumbnailLangstaff

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

13 days

2023

13 days

2022

4 days

New Listings

Past 30 days

6 listings

Compared to

2024

4 listings

2023

2 listings

2022

12 listings

Units sold

Past 30 days

1 unit

Compared to

2024

2 units

2023

4 units

2022

5 units

Median Sold Price

Past 30 days

$2,750,000

Compared to

2024

$2,913,009

2023

$2,264,000

2022

$2,408,888


Population and Demographics

Overview

Total population 16619
Average household income $115,926

Age (%)

35 to 49
22%
50 to 64
22%
20 to 34
21%
0 to 19
18%
65 and plus
16%

Household composition (%)

Single family
67%
Single person
29%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
33%
Yue (Cantonese)
16%
Iranian Persian
14%
Mandarin
14%
Korean
6%
Russian
5%
Persian (Farsi)
3%
Spanish
2%
Italian
2%
Others
1%

House tenancy (%)

Owners
72%
Renters
28%

Schools and amenities

Estimated Budget