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For saleMLS® N13587886

225 16th Avenue, Richmond Hill, ON L4C 7A6

Langstaff · L4C 7A6

$4,088,000

$136 / sq ft

3 months on market

Interior
30,000 sf
Lot
100 × 300 ft

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About this property

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 development 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, andother due diligence materials to be provided if available. Note similar properties on both sides Developed the existing townhome 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

Property

Property type
vacant land
Interior size
30,000 sq ft
Lot size
100 × 300 ft
Zoning
Split Rl and R6
Possession
TBD

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$4,088,000
Property taxes
$12,000 / year (2026)
Price per sq ft
$136

Listing

MLS® number
N13587886
Status
For sale
Listed
July 21, 2026
Days on market
107
Last updated
August 22, 2026
Listing brokerage
REMAX YOUR COMMUNITY REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 88% of comparable vacant land listings in Richmond Hill are asking less.

$1Median $1.30M$4.64M
This home
$136 / sq ft
Comparable median
$122 / sq ft

Based on 40 comparable active vacant land listings in Richmond Hill. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $817,600
$817,600
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$18,082.60
Property tax (est.)
$1,000.00
Estimated monthly
$19,083

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$88,675
Total due on closing
$88,675

An estimate on the asking price of $4,088,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REMAX YOUR COMMUNITY REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,088,000

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Comparable sales nearby

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