Home with brick exterior material, building for 121 May Ave, Richmond Hill Ontario L4C 3S7
Re-listed 19 hours ago

121 May Ave, Richmond Hill, Ontario L4C 3S7

Detached
3 + 2
1
~700-1100 sqft
$•••,•••
$1,999,000
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$9,995Cashback
Detached
3 + 2
1
~700-1100 sqft

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Highlights

Property Estimate

Days on market19 hours

Total days on market
123 days

Estimated valueNot available

Price/Sqft$2,336/sqft

Monthly cost

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CMA Subject Property

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+9

Properties sold*

$2.2M

Median sold price*

*Based on last 30 days

Description

An exclusive investment opportunity in the prestigious North Richvale community! This property sits on a premium 67 ft wide lot, offering unparalleled potential for builders, developers, and investors. While the previously approved permit for a 4,000 sq. ft. home with a 4-car garage has expired, it serves as an invaluable reference for future development, buyers will need to reapply. The existing detached bungalow is move-in ready, boasting a spacious open layout, hardwood floors, crown molding, and a cozy wood-burning fireplace. A finished 2-bedroom basement apartment with a separate entrance provides excellent rental income potential. Ideally situated near top-tier amenities, including public transit, lush parks, premier shopping centres, and fine dining, this prime real estate is surrounded by multi-million-dollar estates, making it a rare and lucrative investment in a high-demand neighbourhood. Nearby Top-Rated Schools: Charles Howitt Public School (1.5 km), St. Anne Catholic Elementary School (1.3 km), Ross Doan Public School (2.0 km), Richmond Hill High School (3.5 km), Alexander Mackenzie High School (2.8 km), Langstaff Secondary School (4.2 km), St. Theresa of Lisieux Catholic High School (4.5 km), St. Marguerite d'Youville Catholic Elementary School (3.8 km).


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size7,593 SqFt(113.33 x 67)
Parking Spaces10
MLS ®NumberN12307156
Community NameRichvale
Data SourceTRREB
Listing byHOMELIFE/MIRACLE REALTY LTD

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Apartment, Sep Entrance

Ground Floor

2nd Br

3.19 x 2.73

hardwood floor / French Doors / Crown Moulding

3rd Br

2.8 x 4.15

hardwood floor / Closet / Crown Moulding

Living

3.84 x 3.81

hardwood floor / Crown Moulding / Fireplace

Kitchen

3.45 x 3.12

Granite Counter / Ceramic Floor / O/Looks Living


Features

Lot size: 7,593 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 8

Total parking spaces 10


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
19 hours on market
history photo preview20
Listing by trreb®

Market Data - Richvale

Geo Zone Map ThumbnailRichvale

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

45 days

Compared to

2024

30 days

2023

17 days

2022

12 days

New Listings

Past 30 days

57 listings

Compared to

2024

40 listings

2023

37 listings

2022

28 listings

Units sold

Past 30 days

11 units

Compared to

2024

9 units

2023

13 units

2022

11 units

Median Sold Price

Past 30 days

$1,390,000

Compared to

2024

$2,188,000

2023

$2,238,000

2022

$1,400,000


Population and Demographics

Overview

Total population 24003
Average household income $138,854

Age (%)

0 to 19
18%
20 to 34
17%
35 to 49
19%
50 to 64
23%
65 and plus
23%

Household composition (%)

Single family
71%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
42%
Iranian Persian
16%
Russian
9%
Mandarin
8%
Italian
6%
Yue (Cantonese)
5%
Korean
3%
Persian (Farsi)
2%
Others
2%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget