$2,888,800
For sale: Detached

ATTENTION DEVELOPERS, BUILDERS & INVESTORS! An exceptional opportunity to acquire a prime 2-acre redevelopment site in the heart of Oak Ridges, one of Richmond Hill's most desirable and established communities. Located on a quiet court within the prestigious Beaufort Hills subdivision, this unique offering consists of two existing serviced 1-acre estate lots known municipally as 9 Country Court and 10 Country Court. Each property contains an existing approximately 3,000 sq. ft. detached residence. A conceptual development plan up to 9 residential building lots through the extension of the existing road allowance, which currently terminates at the subject properties. The Sellers are selling the properties on an "as-is, where-is" basis with respect to development potential. The concept plans are for illustrative purposes only and have not received municipal approval. Purchasers must conduct their own independent due diligence and obtain all necessary approvals, permits, studies, servicing allocations, and development permissions at their sole cost and expense. As an added benefit, the Sellers are willing to lease back the existing homes and also will take back a vender talke back (VTB) while the Purchaser pursues the approval process. This is a rare opportunity to control a significant land assembly in an outstanding location backing onto town parkland, walking trails, and mature residential neighbourhoods, with convenient access to top-rated schools, transit, shopping, recreational facilities, and major transportation routes. NOTE: DO NOT WALK THE PROPERTY OR DISTURB THE HOMEOWNERS. ALL APPOINTMENTS MUST BE ARRANGED THROUGH THE LISTING BROKER.A truly exceptional redevelopment opportunity in one of the best locations Richmond Hill has to offer.
Sold data
Detached homes in Richmond Hill (Oak Ridges) took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 49, across 266 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $1,498,400.
Homes sold for about 3.6% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 266 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Oak Ridges) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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