5 Beds 6 Bath

116 Weldrick Road, Richmond Hill, ON L4C 3V1

Richmond Hill L4C 3V1 Ontario

MLS: N11980487

$4,710,000

Added 17 days ago | For Sale

Listed by: RE/MAX REALTRON REALTY INC.

About Property

A prime development and investment opportunity in the heart of Richmond Hill, just two minutes from Yonge Street. This high-potential redevelopment site must be purchased with 114 Weldrick Ave(there is option to be purchased separately as well), offering possibilities for town home development or severance into 3-4 lots. Great potential of generating rental income permonth.this property provides a strong turnkey investment while planning for future development.Fully renovated two-story back-split is thoughtfully designed with multiple units, each featuring modern finishes & private entrances. The main level offers three bedrooms and three bathrooms, including a primary suite with double walk-in closet and 3-piece ensuite. The updated kitchen boasts quartz countertops, stainless steel appliances, and an open-concep tlayout, seamlessly connecting to the bright living and dining areas, complete with pot lights throughout. The back-split unit features a walkout to a private backyard, a spacious living room with a fireplace, a full kitchen with laundry, and two bedrooms with a five-piece bathroom. The finished basement further enhances the property's value with three separate in-law suites, including one in lower level and two in the basement, each with its own private entrance to the outside. The first suite includes one bedroom, a three-piece bathroom, a wet bar, a full kitchen, and a living area with pot lights throughout. The second suite features two bedrooms, a three-piece bathroom, a full kitchen, and a spacious living area, providing ideal space for extended family or tenants. Situated in a high-demand neighborhood, just minutes from public transit, major highways, shopping, restaurants, and top-rated schools, thisproperty presents incredible potential for investors, builders, and developers.Whether you're looking to Live, Redevelop, Potential to Generate income, or hold for future appreciation, this is an unmatched opportunity in a rapidly growing community.

Features

  • House Style:Detached
  • Bathrooms:6
  • Land Size: 65 X 175
  • Water:Municipal
  • Garage Spaces: /Built-In
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:WELDRICK RD W & KERSEY CRES
  • Basement:Finished,Separate Entrance , Finished,Separate Entrance
  • Possession Date:IMMEDIATE/TBA
  • Annual Property taxes: $8750
  • Bedrooms:5 +3
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:N11980487

Level Type Features Dimensions
Main Living Room Combined w/Dining, Large Window, Pot Lights 26 ft, 8 in x 13 ft
Dining Room Combined w/Living, Pot Lights, Window 26 ft, 8 in x 13 ft
Kitchen Eat-in Kitchen, Pot Lights, W/O To Deck 20 ft, 4 in x 11 ft, 9 in
Breakfast Combined w/Kitchen, Pot Lights, Laminate 20 ft, 4 in x 11 ft, 9 in
Upper Primary Bedroom 4 Pc Ensuite, Walk-In Closet(s), Pot Lights 16 ft, 2 in x 12 ft, 3 in
Bedroom 2 Pot Lights, Window, Closet 14 ft, 7 in x 12 ft, 4 in
Bedroom 3 Pot Lights, Window, Closet 10 ft, 10 in x 10 ft, 1 in
Lower Living Room Combined w/Dining, Pot Lights, Fireplace 11 ft, 9 in x 10 ft
Dining Room Combined w/Kitchen, Pot Lights, Open Concept 11 ft, 9 in x 10 ft, 3 in
Kitchen Stainless Steel Appl, W/O To Yard, Pot Lights 11 ft, 9 in x 10 ft, 3 in
Bedroom Closet, Pot Lights, Large Window 12 ft, 10 in x 10 ft, 8 in
Bedroom Pot Lights, Laminate 10 ft, 8 in x 10 ft, 6 in

No property rooms available.

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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