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429 16TH AVENUE Richmond Hill
  • 429 16TH AVENUE Richmond Hill
  • 429 16TH AVENUE Richmond Hill
  • 429 16TH AVENUE Richmond Hill
  • 429 16TH AVENUE Richmond Hill

429 16TH AVENUE, Richmond Hill, Ontario

$3,780,000

  • 3 Beds
  • 1 Bath

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:50212)

  • Listing ID: N11947560
  • Property Type: Single Family
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Details

  • Architectural Style: Bungalow
  • Ownership: Freehold
  • Parking Spaces: 12
  • Transaction: For sale
  • Zoning Description: RR1

Building

  • Architectural Style: Bungalow
  • BasementType: N/A (Partially finished)
  • Basement Development: Partially finished
  • Bedrooms Main Level: 3
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Vinyl siding
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 1
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 1
  • Type: House
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 82 ft ,8 in
  • Size Irregular: 82.7 x 271.7 FT
MLS®

Listing provided by RE/MAX HALLMARK REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 429 16TH AVENUE in Richmond Hill Ontario. It was last modified on January 30th, 2025. Contact the TanTeam Real Estate Group to schedule a viewing or to discover other Richmond Hill real estate for sale.

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