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196 Elgin Mills Front Elevation
Urgent Listing Single Family

196 Elgin Mills

Richmond Hill (Westbrook), Ontario L4C4M2 | Parkwoods-Donalda

List Price
$4,250,000
MLS# N13486498
Basement
Walk-Out / Bright
Income Potential
Rental Ready
Lot 74.62 x 115.4 Ft
Bedrooms 0 (Upper)
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Offer Date Pending

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Broker 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. (id:63830)

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Inclusions

Appliances
Key Highlights

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Travel & Commute
🛣️ Highways & Main Roads Nearby
✈️ Airport Access
🏙️ Easy City Commute
🚌 Transit Steps Away
Education & Health
🎓 Top Rated Local Schools
🏥 Hospitals Nearby
🩺 Medical/Dental Offices
📚 Public Libraries
Shop & Play
🛍️ Shopping Malls
🛒 Supermarkets & Grocers
💪 Premium Gyms & Fitness
🏊 Rec Centers & Pools
Green Space
⛳ Nearby Golf Courses
🌲 Local Community Parks
🦌 Nature & Bike Trails
🌳 Playground Areas
List Price $4,250,000
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