225 16th Avenue
225 16th Avenue
$4,088,000
33 days on market
About This Listing
RARE DEVELOPMENT Opportunity on an approximately 100'x 300'lot (Aprox area 30,000 Sq ft) with Split R1/R6 Zoning. Property ideal for builders, developers, and land investors seeking future redevelopment or severance potential. Existing dwelling is being sold in "as is, where is" condition. Buyer to verify all zoning, permitted uses, lot creation, redevelopment potential, servicing capacity, and municipal approvals independently. Survey, zoning information, and other due diligence materials to be provided if available. Note similar properties on both sides Developed the existing town home complexes. Relevant Development documents and correspondence with the town and TRCA etc. on file. Survey on file (2018. A rare opportunity to acquire a premium-sized parcel in one of Richmond Hill's most desirable and evolving neighbourhoods. Please Do not enter the property without a confirmed showing.
| Monthly Mortgage (P&I) | $17,811 |
| Property Tax (MLS) | $1,000 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $18,811 |
Down payment: $817,600 (20.0%) · Mortgage: $3,270,400
Property tax uses MLS annual tax of $12,000/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by REMAX YOUR COMMUNITY REALTY
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Data last updated: August 23, 2026 at 06:27 a.m.