The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
This 5.9 net acre Site is ideally located at a major intersection, the northeast corner of Bayview Avenue and Elgin Mills Road East in Richmond Hill, providing an unprecedented infill development opportunity with high visibility. The Site is zoned Neighbourhood Commercial, permitting a wide range of commercial, institutional and residential uses. The current development applications, Site Plan and Draft Plan, proposes two 14-storey mixed-use buildings with an additional 56 townhouse units. Current policy allows for continuation with the proposed development as-is, or allows for alternative uses permitted under the Neighbourhood Commercial designation. The Property is well connected, benefiting from close proximity to both the Richmond Hill GO Station and the Highway 404 & Elgin Mills Road East interchange, each only a 5-minute drive from the Site. Additionally, the surrounding neighbourhood offers numerous retail amenities including RioCan's Elgin Mills Crossing Plaza, which includes Costco, The Home Depot, and Michaels. With the Site's ideal location and flexible zoning, the offering presents an exceptional infill development opportunity in Richmond Hill. Prospective purchasers can continue with the proposed development or pivot towards an alternative use based on desired end uses.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$5,951/mo
Mortgage (principal + interest)$0
Property taxFrom listing: $71,415/yr$5,951
Minimum $1 down for this price; the slider moves in whole percent, starting at 50%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment50% of the list price$1
Ontario land transfer taxProvincial brackets, no first-time refund$0
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$2,801
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Richmond Hill has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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