196 Elgin Mills Road
Richmond Hill, ON
- 0.95 sqft
- Land
- 82 days on market
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.
Listing Details
- Taxes (2025)
- $15,910
- Listed
- June 23, 2026
Price History
Listing history
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Property
- Lot Size
- 122.9 x 335.22 Feet
Utilities
- Sewer
- Septic
Location & Legal
- Cross Street
- Yonge/ Elgin Mills
- Zoning
- Residential
- Parcel Number
- 032192171
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Business Type
- Residential
Community
Postal area L4C
- Population
- 74,636
- Private dwellings
- 30,129
- Median age
- 46
- Average household size
- 2.6
- Median household income
- $86,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Richmond Hill · last 12 months
- Median sold price
- $1,120,000
- Homes sold
- 1,969
- Median days on market
- 24
- Sale-to-list price
- 98.4%
Based on 1,969 recorded sales of commercial properties in Richmond Hill over the last 12 months.
Listed by
RE/MAX ELITE REAL ESTATE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $15,910
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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