9196 Yonge Street, Richmond Hill, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of South Richvale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,850,000 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 32.88 x 126.12 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Power of Sale Sold as is Where is. Attention builders, developers, and investors. Exceptional redevelopment opportunity with potential for future high-rise condominium development, subject to municipal approvals. Prime commercial opportunity located on high-traffic Yonge Street in the heart of Richmond Hill. Excellent exposure and signage potential in a rapidly evolving corridor, surrounded by strong residential density and established commercial businesses. Convenient access to major highways, public transit, and nearby amenities further enhances its long-term value. Ideal for investors, developers, or end-users seeking strong future growth potential in a high-demand area. Buyer to verify all zoning, measurements, and permitted uses.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 9196 Yonge Street, Richmond Hill, ON L4C 7A2
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 $2,850,000 in Richmond Hill, the legal minimum down payment is $570,000 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 $57,725 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 $57,725.
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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.