1/3225 16TH AVENUE, Richmond Hill (Langstaff)
225 16TH AVENUE, Richmond Hill (Langstaff), ON L4C7A6
$4.1M total
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Asset Class
Land
Size
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Building class
A
Zoning
AG — Agricultural
$ / SF
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Occupancy
82%
About this property
RARE DEVELOPMENT Opportunity on an approximately 100'x 300' lot (Aprox area 30,000 Sq ft) with Split R1/R6 Zoning. Property ideal for builders, developers, and land investors seeking future development or severance potential. Existing dwelling is being sold in "as is, where is" condition. Buyer to verify all zoning, permitted uses, lot creation, redevelopment potential, servicing capacity, and municipal approvals independently. Survey, Zoning information, andother due diligence materials to be provided if available. Note similar properties on both sides Developed the existing townhome complexes. Relevant Development documents and correspondence with the town and TRCA etc. on file. Survey on file (2018. A rare opportunity to acquire a premium-sized parcel in one of Richmond Hill''s most desirable and evolving neighbourhoods. Please Do not enter the property without a confirmed showing. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$19K
Projected NOI
$159K
Annual cash flow
$-67K
Cash-on-cash
-5.50%
DSCR
0.70
Going-in cap
3.89%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
76,396
Households
29,080
Median income
$112,500
Median age
34.8
Daytime population
128,125
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 225 16TH AVENUE, Richmond Hill (Langstaff).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.