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House for sale: 429 16TH AVENUE, Richmond Hill
429 16th Avenue
$3,780,000
Richmond Hill , Ontario L4C7A7
3 bed
1 bath
About the Property

Yonge & 16th Prime Development Opportunity! Zoned for Mixed-Use Development with Montessori School Opportunity Located On 16th Avenue In A Highly Sought-After Area, This Exceptional Property With 82 Feet Frontage Offers Outstanding Potential For Development. Previously Zoned R6 (Permitting Two Detached Houses In The Back) And SR-1 In The Front, The Property Now Features Enhanced Versatility With Institutional Zoning For The SR-1 Portion, Allowing For Residential Use Or A Day Nursery.

The Site Plan Approval (SPA) And Permits Including Demolition, Site Servicing, And Building Permits Are Ready To Be Transferred To The New Owner (For An Applicable Fee) For A Montessori School Project. The Plans Allow For A Capacity Of 80 Students, Expandable To 90 Students, And Include 4 Classrooms, 3 Administrative Offices, A Full-Service Kitchen, Indoor/Outdoor Play Areas, And 16 Parking Spaces. These Ready-To-Build Plans Provide A Seamless Development Path While Allowing Flexibility For Other Uses Within The Existing Zoning.With The Simultaneous Sale Of The Adjacent Property, This Site Presents A Rare Land Assembly Opportunity, Ideal For Large-Scale Residential, Commercial, Or Mixed-Use Developments. Located In The Heart Of A Rapidly Growing Development District And Surrounded By Vibrant Neighbourhoods, This Property Offers Unparalleled Potential For Developers, Investors, Or Educational Institutions.Don't Miss The Chance To Secure A Key Piece Of Real Estate In One Of Richmond Hill's Most Dynamic And Fast-Growing Areas! **EXTRAS** Legal Description: PART LOT 17 PLAN 3806 PARTS 2, 4 & 5 65R38961 CITY OF RICHMOND HILL (id:27476)

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Property Details
MLS® Number
N11947560
Type
Single Family
Community Name
Langstaff
Ownership Type
Freehold
Land Size
82.7 x 271.7 FT|1/2 - 1.99 acres
Parking Space Total
12
Building
Building Type
House
Storeys
1
Bathrooms Total
1
Bedrooms Above Ground
3
Bedrooms Total
3
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
N/A (Partially finished)
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: RE/MAX HALLMARK REALTY LTD.

$3,780,000 - 429 16TH AVENUE, Richmond Hill Ontario L4C 7A7, Canada | Real Estate For Sale | HomeAds.ca

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Updated May 9th 2025 9:40 pm

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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