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Investment Highlights

  • Fully approved (ZBA & SPA) - 3 to 4 years saved - for 15 freehold POTL townhomes.
  • Large format units unit market average size: 2200-2900 square feet.
  • Premium Yonge corridor location.
  • Income in place at ~$10,000 per month.

Executive Summary

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 Facts

Price $5,900,000 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.74 AC
Zoning RM1 Zone - Residential Multiple Family One

1 Lot Available

Lot

Price $5,900,000 CAD
Price Per AC $7,972,972.97 CAD
Lot Size 0.74 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
  • Listing ID: 40164885

  • Date on Market: 2026-04-15

  • Last Updated:

  • Address: 282-292 Elgin Mills Rd W, Richmond Hill, ON L4C 9L6

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