196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2

For Sale Added today MLS® N13486498
Asking Price
$4,250,000
Oracle AI
Full Report →
Overview
Active
This property is under Power of sale. 0.95 acre of land together with an existing detached residence of approximately 3,000 sq.ft. with a double-car garage - 41 Cooperage Cres (61.51 x164.49), providing potential rental income or interim use while pursuing future development plans. Previous development concepts contemplated approximately 14 townhouse units and 2 detached dwellings (buyer to conduct their own due diligence and verify all development potential with the municipality). An exceptional opportunity for developers, investors, land bankers and builders. Generate holding income from the existing residence while advancing planning applications, site plan approvals, redevelopment proposals, or potential future land assembly opportunities. Properties of this size and location rarely become available, and even more rarely under Power of Sale. Whether your strategy is redevelopment, investment, land banking, or assembly, this property offers significant upside potential in a highly desirable Richmond Hill location. Sold on an "As Is, Where Is" basis. Buyer to conduct their own due diligence regarding zoning, planning, development potential, permitted uses, and all other matters. However, Historical planning, engineering, and development-related materials may be available for review.
Area
1,300 sqft
Lot Size
0.9 acres
Type
Detached

Property Details

Year BuiltNot Disclosed
CityRichmond Hill
Postal CodeL4C4M2
Lot Dimensions122.90 × 335.22 ft
Parking5 spaces

Interior Features

Heat: Other
Heat Source: Other
Cooling: Other
Style: Bungalow

Exterior & Land

Sewer: Sewer
Construction: Brick
Roof: Unknown

Utilities & Services

Heat SourceOther
Water SourceNot specified
SewerSewer

Financial Information

List Price$4,250,000
Annual Taxes$15,910 (2025)
Days on Market0
MLS® N13486498 • Listed by RE/MAX ELITE REAL ESTATE
196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2
Thu
25
Jun
Fri
26
Jun
Sat
27
Jun
Sun
28
Jun
Mon
29
Jun
Tue
30
Jun
Wed
1
Jul
Morning8am - 12pm
Afternoon12pm - 5pm
Evening5pm - 9pm
OR
WhatsApp Aman
(416) 845-2151
We're available today until 9 pm.
By submitting this form, you agree your information may be shared to provide the service requested.

Purchase Calculator

$4,250,000.00
$892,500.00

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

4.70%

🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer

💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost ⚙️
0
/month
Principal & interest
Home expenses
Other expenses
Rental income
  • Monthly Mortgage$0.00
  • Home Expenses$0.00
  • Other Expenses$0.00
  • Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00

Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2
You May Also Like
Similar Properties in Richmond Hill
View all in Richmond Hill
Top 5% RE/MAX Ontario
AT
Aman Toor
RE/MAX Realty Specialists Inc.
Rural & Farm Property Expert
Available Now
Meet Your Agent

Aman Toor

Rural & Agricultural Property Specialist — RE/MAX

With over 10 years navigating Ontario's farm and acreage market, Aman brings real data, deep county knowledge, and no-nonsense negotiation to every deal. From 5-acre hobby farms to 500-acre agricultural estates — he's done it all across Dufferin, Simcoe, Grey, Caledon, and beyond.

10+
Years in Rural RE
500+
Properties Sold
98%
Client Satisfaction
🌾 Farm & Agriculture 🏡 Rural Estates 🌲 Vacant Land 🐴 Equestrian 📋 TRREB® Data