13 hours on Market

3 Hughes St, Richmond Hill, Ontario L4E 2V9

Detached
3 + 2
5
~1100-1500 sqft
$1,650,000
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Detached
3 + 2
5
~1100-1500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,300/sqft

Est. Mortgage$7,086/mo

Tax Amount (2024)$4,434/yr

Days On Market13 hours


Description

Location! Location !Location! Attention Investors/ Developers! Excellent Development Project In The Beautiful Community Of Oakridge's! Discover a newly renovated bungalow that perfectly blends opportunity, convenience, and potential. This almost brand-new home is renovated from A to Z, ensuring every detail is crafted for your comfort. With 3 spacious bedrooms, each featuring its own AC unit and direct access to a private backyard, you'll enjoy privacy and comfort. The home also offers 3 full bathrooms and a stylish powder room for guests.What sets this property apart is its incredible potential for rental income. The expansive 900ft storage area can be easily converted into rental apartments, complete with separate entrances. Located just 500 meters from vibrant Yonge Street, you're close to all amenities in a rapidly growing neighborhood. The OR2 zoning adds a lot more value, allowing for diverse uses such as medical clinics, health centers, professional offices, veterinary clinics, and daycares. Embrace modern conveniences with an EV plug, and take advantage of the thriving area for both living and investment. 3 Hughes St it's an opportunity to secure a promising investment. Buyer To Verify Lot Measurements, Taxes, And To Perform Their Own Due Diligence


Property Details

StyleBungalow
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size7,367 SqFt(139 x 53)
Parking Spaces5
MLS ®NumberN12153272
Community NameOak Ridges
Data SourceTRREB
Listing byHOMELIFE EAGLE REALTY INC.

Features

Heating: Forced Air
Cooling: Wall Unit
Basement: Crawl Space

Main Floor

Living

4.36 x 3.97

Combined W/Dining / Large Window

Kitchen

4.94 x 4.74

Open Concept

Primary

4.24 x 3.33

W/O To Deck / 3 Pc Ensuite / W/I Closet

2nd Br

4.02 x 3.52

Laminate / 3 Pc Ensuite / Closet


Features

Lot size: 7,367 SqFt

Parking

Garage spaces 1

Garage type Carport

Other parking spaces 4

Total parking spaces 5


Property History

May 16, 2025
Listed for
$1,650,000
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Listed
$•••,•••
13 hours on market
history photo preview35
Listing by trreb®
Property listed by HOMELIFE EAGLE REALTY INC., Brokerage

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Market Data - Oak Ridges

Geo Zone Map ThumbnailOak Ridges

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

26 days

Compared to

2024

10 days

2023

14 days

2022

11 days

New Listings

Past 30 days

62 listings

Compared to

2024

76 listings

2023

40 listings

2022

64 listings

Units sold

Past 30 days

9 units

Compared to

2024

22 units

2023

27 units

2022

18 units

Median Sold Price

Past 30 days

$1,503,000

Compared to

2024

$1,646,000

2023

$1,655,000

2022

$1,805,000


Population and Demographics

Overview

Total population 22974
Average household income $160,739

Age (%)

0 to 19
26%
50 to 64
23%
35 to 49
23%
20 to 34
16%
65 and plus
12%

Household composition (%)

Single family
83%
Single person
13%
Multi person
2%
Multi family
2%

Mother tongue (%)

English
51%
Mandarin
11%
Iranian Persian
10%
Yue (Cantonese)
6%
Russian
6%
Italian
5%
Arabic
2%
Korean
1%
Spanish
1%
Others
1%

House tenancy (%)

Owners
86%
Renters
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget