196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2, Richmond Hill, ON
0.95 sqft
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.
Property Highlights
For Sale
MLS NO.
N13486488
Type
Commercial
Sub Type
Land
Square Footage
0.95 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
N13486488
Lot Width
122.9
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
196 Elgin Mills Road W, Richmond Hill, ON L4C 4M2
City
Richmond Hill
Neighbourhood
Westbrook
County / Region
York
Province / State
ON
Postal Code
L4C 4M2
Cross Street
Yonge/ Elgin Mills
Directions
North Side of Elgin Mills
List Price
$4,250,000
Annual Taxes
$15,910
Tax Year
2025
Legal Description
PART LOT 7 PLAN 2404, PARTS 1, 3 & 5, 65R16590 SUBJECT TO AN EASEMENT OVER PART 3, 65R16590 AS IN R626176 TOGETHER WITH AN EASEMENT OVER YORK REGION COMMON ELEMENTS CONDOMINIUM PLAN NO. 1416 AS IN YR2995770
Possession Type
Immediate
Possession Details
TBA
Listing Office
RE/MAX ELITE REAL ESTATE
Board
Toronto Regional Real Estate Board
Original Entry
2026-06-24T23:40:52Z
Media Updated
2026-06-24T23:40:52Z
Photos Updated
2026-06-24T23:40:52Z
Last Modified
2026-06-24T23:40:52Z
System Modified
2026-07-06T21:39:00.840701Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-12-31
Hstapplication
In Addition To, Included In
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
032192171
Public Remarks
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.
