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282-292 Elgin Mills Rd W 0.74 Acres of Residential Land Offered at $5,600,000 CAD in Richmond Hill, ON L4C 9L6
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 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 | $5,600,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.74 AC |
| Zoning | RM1 Zone - Residential Multiple Family One | ||
| Price | $5,600,000 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 | $5,600,000 CAD | Lot Size | 0.74 AC |
| Price Per AC | $7,567,567.57 CAD |
| Price | $5,600,000 CAD |
| Price Per AC | $7,567,567.57 CAD |
| Lot Size | 0.74 AC |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
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282-292 Elgin Mills Rd W
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