Active

429 16th Ave

Richmond Hill Ontario, L4C 7A7

C$3,780,000


Active

3 Beds

1 Bath

Residential

Prime Development Opportunity! Zoned for Mixed-Use Development with Montessori School Opportunity Located On 16th Avenue In A Highly Sought-After Area, This Exceptional Property With 82 Feet Frontage Offers Outstanding Potential For Development. Previously Zoned R6 (Permitting Two Detached Houses In The Back) And SR-1 In The Front, The Property Now Features Enhanced Versatility With Institutional Zoning For The SR-1 Portion, Allowing For Residential Use Or A Day Nursery. The Site Plan Approval (SPA) And Permits Including Demolition, Site Servicing, And Building Permits Are Ready To Be Transferred To The New Owner (For An Applicable Fee) For A Montessori School Project. The Plans Allow For A Capacity Of 80 Students, Expandable To 90 Students, And Include 4 Classrooms, 3 Administrative Offices, A Full-Service Kitchen, Indoor/Outdoor Play Areas, And 16 Parking Spaces. These Ready-To-Build Plans Provide A Seamless Development Path While Allowing Flexibility For Other Uses Within The Existing Zoning.With The Simultaneous Sale Of The Adjacent Property, This Site Presents A Rare Land Assembly Opportunity, Ideal For Large-Scale Residential, Commercial, Or Mixed-Use Developments. Located In The Heart Of A Rapidly Growing Development District And Surrounded By Vibrant Neighbourhoods, This Property Offers Unparalleled Potential For Developers, Investors, Or Educational Institutions.Don't Miss The Chance To Secure A Key Piece Of Real Estate In One Of Richmond Hill's Most Dynamic And Fast-Growing Areas! **EXTRAS** Legal Description: PART LOT 17 PLAN 3806 PARTS 2, 4 & 5 65R38961 CITY OF RICHMOND HILL

N11947560

MLS ID

February 24, 2025

Updated

Interior Features

Bedrooms

3


Total Bathrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.52 Acres


Architectural Style

Bungalow


Sewer

Sewers

Other Property Details

Area Name

Langstaff


Taxes

$9,563


Tax Frequency

Annually


Garage

Yes


Garage Spaces

2


Parking

Detached


Parking Total

12


View

No


County

Ontario


Municipality

Richmond Hill


Water Source

Municipal


Pool Features

None


Zoning

RR1

 

Courtesy of Listed by , RE/MAX HALLMARK REALTY LTD.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2025 Toronto Real Estate Board. All rights reserved. 

Data last updated 10:04 PM UTC, 2/24/2025

 

Powered byLuxury Presence