491 Elgin Mills Road, Richmond Hill, ON
Property Highlights
Welcome to this remarkable Bungalow vacant land located in the coveted neighborhood of Mill Pond. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $1,980,000 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 103.06 x 118.06 ft lot size
- 2.0 total parking spaces available
- Notable attributes: None
Description
Attention Builders! Your Building Opportunity Awaits You In Central Richmond Hill. Proposed 5 Freehold Townhome Site. Single car garage, 2 or 3 storey, each floor approx 1100sf. Located Near Mill Pond, Hospital, Schools, Park, Ravine, Close to Public Transit. Seller will take back $1M first mortgage in a rate and term to be negotiated.
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Property Summary
This vacant land located at 491 Elgin Mills Road, Richmond Hill is currently for sale and has been available on SousaSells for 764 days. This property is listed at $1,980,000 with an estimated mortgage of $6,591* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 491 Elgin Mills Road, Richmond Hill is in the Mill Pond neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 491 Elgin Mills Road W, Richmond Hill, ON L4C 4M3
Based on 0 recent similar sales in the pocket.
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 $1,980,000 in Richmond Hill, the legal minimum down payment is $396,000 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 $36,075 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 $36,075.
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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.