For Sale

429 16th Avenue Unit# 429, Richmond Hill (Langstaff), Ontario L4C7A7

$3,780,000

429 16th Avenue Unit# 429, Richmond Hill (Langstaff), Ontario L4C7A7 is For Sale and has a listing price of 3,780,000. The property is located in the Langstaff neighbourhood. It's been on the website for 1 Day.

  • Single Family
    Property Type
  • Detached
    Building Style
  • 3
    Bedrooms
  • 1
    Bathrooms
  • Detached Garage
    Parking
  • 12
    Parking Spaces
  • MLS ID: N11947560
  • Office Name RE/MAX HALLMARK REALTY LTD.
Property Description

Prime Development Opportunity! Zoned for Mixed-Use Development with Montessori School Opportunity Located On 16th Avenue In A Highly Sought-After Area, This Exceptional Property With 82 Feet Frontage Offers Outstanding Potential For Development. Previously Zoned R6 (Permitting Two Detached Houses In The Back) And SR-1 In The Front, The Property Now Features Enhanced Versatility With Institutional Zoning For The SR-1 Portion, Allowing For Residential Use Or A Day Nursery. The Site Plan Approval (SPA) And Permits Including Demolition, Site Servicing, And Building Permits Are Ready To Be Transferred To The New Owner (For An Applicable Fee) For A Montessori School Project. The Plans Allow For A Capacity Of 80 Students, Expandable To 90 Students, And Include 4 Classrooms, 3 Administrative Offices, A Full-Service Kitchen, Indoor/Outdoor Play Areas, And 16 Parking Spaces. These Ready-To-Build Plans Provide A Seamless Development Path While Allowing Flexibility For Other Uses Within The Existing Zoning.With The Simultaneous Sale Of The Adjacent Property, This Site Presents A Rare Land Assembly Opportunity, Ideal For Large-Scale Residential, Commercial, Or Mixed-Use Developments. Located In The Heart Of A Rapidly Growing Development District And Surrounded By Vibrant Neighbourhoods, This Property Offers Unparalleled Potential For Developers, Investors, Or Educational Institutions.Don’t Miss The Chance To Secure A Key Piece Of Real Estate In One Of Richmond Hill’s Most Dynamic And Fast-Growing Areas! **** EXTRAS **** Legal Description: PART LOT 17 PLAN 3806 PARTS 2, 4 & 5 65R38961 CITY OF RICHMOND HILL (id:43137)

Property Details
  • Bedrooms: 3
  • MLS ID: N11947560
  • Bathrooms: 1
  • Price: $3,780,000
  • Transaction Types: For Sale
  • Ref ID: 27859129
  • Year Built: N/A
  • Building Type: House
  • Building Style: Detached
  • Property Type: Single Family
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
01/29/2025 N11947560 $3,780,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Langstaff
  • $918,462 Average List Price
    based on 1 year
  • 96 New Listings
    based on 30 days
  • 29 Median Days on Market
    based on 1 year
  • List vs. Selling Price 0.49 % Below
  • Sold (12mo) 200
  • Rented (12mo) 443

  • 1 Month Change -10.9%
  • 3 Month Change -7.8%
  • 6 Month Change +14.1%
Walkscore
Property Type Distribution
  • All Houses
    23.29%
  • Commercial
    2.02%
  • Condo
    74.68%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Style Bungalow
  • Basement2 N/a (partially Finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Vinyl Siding
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 12
  • Fireplace False
  • Parking Detached Garage, Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 29/01/2025 00:00:00
  • Zoning R1-s12
  • Agent Name: KAYVAN ZEBARJADIAN
  • Last Updated: 30/01/2025 19:33:54
Open House Dates
  • 1. 02/02/2025 (Start time: 2:00 PM - End time: 4:00 PM)
Want to see this property?