122-126 Cartier Crescent, Richmond Hill, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Crosby. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 164 x 165 ft lot size
Description
RECEIVERSHIP SALE. Fully zoned and approved in principle multi-family redevelopment site. Proposed development consists of a 7 storey residential building with 139 units and a total GFA of 98,780 sq ft. Centrally located on Bayview between Major Mackenzie and Elgin Mills the area is serviced by York Region Transit near the lot line as well as a short drive to the Richmond Hill GO Train Station on Newkirk. Nearly every lifestyle amenities is within walking distance or short drive south and includes a Walmart Supercentre. In May 2025 the city of Richmond Hill reduced property taxes on all newly build multi-family buildings adding to the appeal of this attractive development project. Additional Pins: 031770097, 031770342, 031770340.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 122-126 Cartier Crescent, Richmond Hill, ON L4C 2N7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Richmond Hill, ON
For a property listed at $1 in Richmond Hill, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. As this listing is in Richmond Hill (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.