40-60 Harris Avenue, Richmond Hill, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Jefferson. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $17,000,000 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 290 x 385 ft lot size
Description
40-60 Harris Avenue, Richmond Hill, Ontario is a unique opportunity to acquire a partially serviced 2.55-acre development site with planning approvals in-place for a 49-unit townhouse development. The Property is located in an affluent residential community just west of Yonge Street in the Jefferson neighbourhood of Richmond Hill, one of the GTA's most sought-after residential markets. Current development plans for the Site comprise 11 freehold and 38 common element condominium townhouse units across eight blocks, with an average unit size of approximately 2,419 square feet. An incoming developer will benefit from substantial servicing work completed to date, including installation of municipal services to lot lines, full grading and paving of the private internal roadway, and municipal roadway servicing along Harris Avenue.
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Pricing & Value Insights
Data-driven valuation for 40-60 Harris Avenue, Richmond Hill, ON L4E 3M2
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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 $17,000,000 in Richmond Hill, the legal minimum down payment is $3,400,000 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 $411,475 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 $411,475.
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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.