Re-listed 53 days ago

4 Hughes St, Richmond Hill, Ontario L4E 2V9

Other
-
-
~1767 sqft
$•••,•••
$1,398,888
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Other
-
-
~1767 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$791/sqft

Est. Mortgage$6,008/mo

Tax Amount (2024)$5,650/yr

Days On Market53 days

Total Days On Market165 days


Description

Attention: INVESTMENT OPTIONS WITH HUGE POTENTIAL in Prime Oak Ridges Location! Developers, Investors, Builders! Oak Ridges Local Centre Rezoning Allows for RESIDENTIAL ( Residential Apartment, Additional Residential Unit, Quadruplex, Block Townhouse, Street Townhouse, Live-work Unit, Home Occupation) & Non Residential Uses (Arts and Cultural Facilities, Commercial, Retail and Service, Public Authority, Offices, Social Services) Versatile Zoning Lot with potential to shape future projects. Ideal for a variety of residential and nonresidential uses according to the new Oak Ridges Local Official Plan by-law: mixed-use zoning. Strategically located just steps from King Road in a sought-after area. Bright 3-bedroom bungalow with plenty of rentable living space large 73.5 x 100 ft lot - makes it as Prime investment opportunity! Backed by municipal and provincial guidance for urban infill, great potential for higher density development! This spacious home features hardwood floors throughout, updated eat-in kitchen, sunny family room with walk out, a XL loft + private powder room. Flexible single bungalow room size/layout makes sure your needs will be accommodated, With multiple entrances, it perfect for live/work setup, homebased business or rental income, rent it out while you wait! If you are looking for a smart investment this property is ideal. Don't miss out on this unique opportunity. High demand area undergoing redevelopment with potential for multi units. Close to YONGE ST, KING ST & all amenities & transit. Due diligence & ORLC (Oak Ridges Local Center). Buy now, plan for the future. Current house is available to lease for office space suitable for small business!


Property Details

StyleMulti-Use
View-
Age of property-
SqFt~1767 SqFt
Lot Size7,350 SqFt(100 x 73.5)
Parking Spaces-
MLS ®NumberN12070246
Community NameOak Ridges
Data SourceTRREB
Listing byHOMELIFE EAGLE REALTY INC.

Features

Heating: Baseboard
Cooling: N
Basement: N

Features

Lot size: 7,350 SqFt

Property listed by HOMELIFE EAGLE REALTY INC., Brokerage

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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