196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2
For Sale
Added today
MLS® N13486498
1 / 3
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
196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2
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.
🛠️ 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
15
Listed 10 days ago
$3,788,000
0.5 Acres
• Listed by RIGHT AT HOME REALTY
15
Listed 114 days ago
$4,888,000
0.6 Acres
• Listed by REMAX YOUR COMMUNITY REALTY
3
Listed 15 days ago
$4,995,000
0.5 Acres
• Listed by RE/MAX REALTRON BARRY COHEN HOMES INC.
20
Listed 5 days ago
$3,499,888
0.8 Acres
• Listed by KELLER WILLIAMS REFERRED URBAN REALTY
20
Listed 40 days ago
$3,499,000
0.5 Acres
• Listed by RE/MAX REALTRON REALTY INC.
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
Explore by Region
Find Properties Across Ontario
Browse farm, acreage, and rural listings — select any area to start
Most Active
→
Peel
Premium farms & estates
257 listings
Gentleman Farms
→
York
Estates & country acreage
567 listings
Rural Estates
→
Halton
Acreage near the city
400 listings
🚜
143
🌻
345
🌲
375
🌿
272
🦆
237
🍎
156
🏞
213
💧
559
🏙
97
🐄
184
Dufferin
Hobby farms …
Durham
Rural land ea…
Grey County
Hobby farms …
Hamilton
Greenbelt & r…
Kawartha Lakes
Waterfront & …
Northumberland
Orchard & rur…
Peterborough
Affordable rur…
Simcoe
Waterfront & …
Toronto
Urban-fringe r…
Wellington
Dairy farms & …