Home · Buy · Richmond Hill · 225 16th Avenue, Richmond Hill, ON L4C 7A6
For Sale · Detached
225 16th Avenue, Richmond Hill, ON L4C 7A6
Richmond Hill · Langstaff
Bungalow-RaisedSouth exposure
3
Beds
0
Baths
8
Parking
1100-1500
Sq ft
—
Built
The honest picture
List price
$4,088,000
Renavu Estimate
—
Benchmark · 1-Storey Detached
$1,087,400
Listed 276% above the Richmond Hill benchmark for 1-storey detached homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
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 redevelopment 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, and other due diligence materials to be provided if available. Note similar properties on both sides Developed the existing town home 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.
Property details
Listed on
July 21, 2026
Days on market
3 days
Property tax
$12,000 (2026)
Lot
100 × 300 Feet
Style
Bungalow-Raised
Heating
Other
Cooling
Other
MLS®
N13587948
Full details
Parking
GarageNone
Total parking8
Parking featuresCircular Drive, Private Double
Property & sold history
🔒
See this home's sale & listing history
Historical sold prices are protected under TRREB rules — sign in to unlock (rolling out with our VOW access). No spam, ever.
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$88,675
Legal · title · inspection$2,800
Closing costs$91,475
Down payment$817,600
Total cash to close$909,075
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
