Home with brick exterior material, building for 282-292 Elgin Mills Rd, Richmond Hill Ontario L4C 4M2
7 hours on Market

282-292 Elgin Mills Rd, Richmond Hill, Ontario L4C 4M2

Detached
5
4
~5000 + sqft
$5,900,000
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Detached
5
4
~5000 + sqft

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Highlights

Property Estimate

Days on market7 hours

Estimated valueNot available

Price/Sqft$590/sqft

Monthly cost

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Description

Rare opportunity to acquire a fully approved 15-unit townhouse development in the highly desirable Yonge & Elgin Mills corridor in Richmond Hill. This project features Zoning By-law Amendment (ZBA) and Site Plan Approval (SPA) in place, significantly reducing entitlement risk and saving 3 to 4 years of planning timeline for the buyer. The proposed development consists of 15 large-format 3-storey POTL townhomes (9 three-bedroom and 6 four-bedroom units) with attached garages, private outdoor spaces, and roof terraces. Total buildable area is approximately 41,335 sq ft. Located in a premium infill location with strong end-user demand, the site benefits from proximity to Yonge Street transit, top-rated schools, parks, and major amenities. Existing properties on site generate rental income during holding period. Ideal for mid-sized builders, developers, or investors seeking a shovel-ready project in a supply-constrained market. Vendor open to sale or joint venture structure. Information package available upon request.


Property Details

StyleBungalow
View-
Age of property-
SqFt~5000 + SqFt
Lot Size34,175 SqFt(186.07 x 183.67)
Parking Spaces7
MLS ®NumberN12950698
Community NameWestbrook
Data SourceTRREB
Listing byKW Living Realty

Features

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

Features

Lot size: 34,175 SqFt

Parking

Garage spaces 2

Garage type Built-In

Other parking spaces 5

Total parking spaces 7


Property History

Apr 2, 2026
ListedActive
$5,900,000
7 hours on market
history photo preview1
Listing by trreb®
Property listed by KW Living Realty, Brokerage
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Market Data - Westbrook

Geo Zone Map ThumbnailWestbrook

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

20 days

Compared to

2025

22 days

2024

10 days

2023

14 days

New Listings

Past 30 days

17 listings

Compared to

2025

20 listings

2024

15 listings

2023

15 listings

Units sold

Past 30 days

4 units

Compared to

2025

3 units

2024

12 units

2023

10 units

Median Sold Price

Past 30 days

$1,426,500

Compared to

2025

$1,950,000

2024

$1,727,500

2023

$1,964,000


Population and Demographics

Overview

Total population 14250
Average household income $155,626

Age (%)

0 to 19
23%
20 to 34
17%
35 to 49
19%
50 to 64
26%
65 and plus
14%

Household composition (%)

Single family
85%
Single person
12%
Multi family
1%
Multi person
1%

Mother tongue (%)

English
39%
Mandarin
19%
Iranian Persian
12%
Yue (Cantonese)
8%
Russian
7%
Others
3%
Korean
3%
Italian
3%

House tenancy (%)

Owners
86%
Renters
14%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget