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$ 3,780,000
Est. payment | /mo
3 Beds
1 Bath
$ 3,780,000
Est. payment | /mo
3 Beds
1 Bath
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Langstaff
MLS® Listing ID N11947560
Style Bungalow
Bedrooms 3
Property Sub-Type Freehold
Source Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Listed by RE/MAX HALLMARK REALTY LTD.
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Gabriela Humeniuk
Real Broker