11575 Yonge Street, Richmond Hill, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Jefferson. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,988,000 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 165 x 83 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Price Drop! Rare Opportunity to Acquire165 ft Yonge St Frontage Downtown Richmond Hill. Ideal for Medical / Dental / Veterinarian / Automotive or Restaurant. Existing Heritage Building (approx 1,200 sqft) Suitable for Professional Office or Personal Services with 14 on-site paved parking spaces. Large Deep Lot with Potential to Build up to 8 storeys (over 50,000 GFA). Variety of Architectural Renderings Available, Incorporating the Original 150-year-old Jefferson Schoolhouse. Prime Yonge Street Exposure: Strong Long-Term Investment and Re-development Upside.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 11575 Yonge Street, Richmond Hill, ON L4E 3N8
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 $2,988,000 in Richmond Hill, the legal minimum down payment is $597,600 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 $61,175 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 $61,175.
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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.
