Re-listed 12 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 Market12 days

Total Days On Market124 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.


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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Market Data - Oak Ridges

Geo Zone Map ThumbnailOak Ridges

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

18 days

2023

13 days

2022

10 days

New Listings

Past 30 days

100 listings

Compared to

2024

82 listings

2023

82 listings

2022

117 listings

Units sold

Past 30 days

17 units

Compared to

2024

30 units

2023

33 units

2022

49 units

Median Sold Price

Past 30 days

$1,188,000

Compared to

2024

$1,402,500

2023

$1,498,000

2022

$1,750,000


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%

Schools and amenities

Estimated Budget