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
Address
429 16th Avenue
List Price
$3,780,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Richmond Hill
Sub-Area
Langstaff
County
York
Bedrooms
3
Bathrooms
1
Lot Size Source
GeoWarehouse
Lot Depth
271.7
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
82.7
MLS® Number
N11947560
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Basement Area
Partially Finished
Postal Code
L4C 7A7
Parking
Private
Parking Places (Total)
12
Tax Amount
$9,563.00
Tax Year
2024
Interior Features
None
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Vinyl Siding
Direction Faces
South
Foundation Details
Block
Garage Type
Detached
Kitchens Total
1
Pool Features
None
Roof
Asphalt Shingle
Waterfront
None
Sewer
Sewer