Prime Development Opportunity! Zoned for Mixed-Use Development with Montessori School Opportunity Located On 16th Avenue In A Highly Sought-After Area, This Exceptional Property With 82 Feet Frontage Offers Outstanding Potential For Development. Previously Zoned R6 (Permitting Two Detached Houses In The Back) And SR-1 In The Front, The Property Now Features Enhanced Versatility With Institutional Zoning For The SR-1 Portion, Allowing For Residential Use Or A Day Nursery. The Site Plan Approval (SPA) And Permits Including Demolition, Site Servicing, And Building Permits Are Ready To Be Transferred To The New Owner (For An Applicable Fee) For A Montessori School Project. The Plans Allow For A Capacity Of 80 Students, Expandable To 90 Students, And Include 4 Classrooms, 3 Administrative Offices, A Full-Service Kitchen, Indoor/Outdoor Play Areas, And 16 Parking Spaces. These Ready-To-Build Plans Provide A Seamless Development Path While Allowing Flexibility For Other Uses Within The Existing Zoning.With The Simultaneous Sale Of The Adjacent Property, This Site Presents A Rare Land Assembly Opportunity, Ideal For Large-Scale Residential, Commercial, Or Mixed-Use Developments. Located In The Heart Of A Rapidly Growing Development District And Surrounded By Vibrant Neighbourhoods, This Property Offers Unparalleled Potential For Developers, Investors, Or Educational Institutions.Don't Miss The Chance To Secure A Key Piece Of Real Estate In One Of Richmond Hill's Most Dynamic And Fast-Growing Areas! **EXTRAS** Legal Description: PART LOT 17 PLAN 3806 PARTS 2, 4 & 5 65R38961 CITY OF RICHMOND HILL (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
1
Lot
82.67 x 271.67 ft
Listing Contract Date
2025-01-29
Location Description
Yonge & 16th
Ownership Type
Freehold
# of Parking Spaces
12
Property Type
Single Family
Transaction Type
For sale
Zoning Description
RR1
Building
Architectural Style
Bungalow
Basement Development
Partially finished
Basement Type
N/A (Partially finished)
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
1
Type
House
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Garage
Utilities
Type
Description
Sewer
Installed
Land
Total Size
82.7 x 271.7 FT | 1/2 - 1.99 acres
Sewer
Sanitary sewer
Size of Irregular Land
82.7 x 271.7 FT
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