75 Spruce Avenue Richmond Hill, Ontario L4C 6V9
$1,848,000
Opportunity knocks in one of Richmond Hill's most desirable and highly sought-after neighborhoods, SOUTH RICHVALE. Situated on a premium 10,882 sq. ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some TLC, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2years as the market evolves for secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, location, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity. Top 5 Reasons to Buy : Prestigious South Richvale LocationSituated in one of Richmond Hill's most affluent and sought-after communities, surrounded by luxury custom homes and strong long-term value.Premium 1/4 Acre South-Facing LotA rare 10,882 sq. ft. lot with ideal southern exposure-perfect for maximizing natural light and designing a high-end custom residence.Immediate Income PotentialThe existing home offers the option to rent and generate cash flow while you plan your future build or wait for optimal market conditions.Exceptional Redevelopment OpportunityA prime canvas for builders and end-users looking to create a custom dream home in a neighborhood where redevelopment is already well underway.Strategic Buy Ahead of Market UpswingPurchase at today's pricing, hold short-term, and position yourself to benefit from future appreciation in a consistently high-demand area. (id:55460)
Property Details
| MLS® Number | N13042658 |
| Property Type | Single Family |
| Community Name | South Richvale |
| Features | Conservation/green Belt |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Age | 31 To 50 Years |
| Amenities | Fireplace(s) |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 241 Ft ,10 In |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 241.9 Ft |
| Size Total Text | 45 X 241.9 Ft |
25 Millard Ave West Unit B - 2nd Flr
Newmarket, Ontario L3Y 7R5
(905) 727-1941
(905) 841-6018
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April 27 2026 03:19:21
Toronto Regional Real Estate Board
RE/MAX Hallmark York Group Realty Ltd.