$8,800,000
For sale: Detached

Rare development opportunity in the heart of Richmond Hill. 225 Carrville Road boastsapproximately 90 feet of frontage on Carrville Road and is subject to an advanced developmentapplication. Extensive planning, traffic, engineering and supporting technical work has alreadybeen completed in connection with the approval process. The sale will be conditional upon theSeller obtaining site plan approval. The existing detached dwelling provides valuable underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill's most active redevelopment corridors.
Sold data
Homes in South Richvale took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 55, across 78 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $1,486,888.
Homes sold for about 4.6% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 78 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (South Richvale) 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.
Currently for sale

$8,800,000
Detached211 CARRVILLE ROAD, South Richvale, Richmond Hill

$11,995,000
Detached83 BINSCARTH ROAD, Rosedale-Moore Park, Toronto

$8,500,000
Detached6688 MAYFIELD ROAD, Rural Caledon, Caledon

$7,495,000
Detached82 SHERWOOD AVENUE, Mount Pleasant East, Toronto

$8,900,000
Detached5239 7TH LINE, Rural New Tecumseth, New Tecumseth

$7,298,000
Detached12 YORK VALLEY CRESCENT, Bridle Path-Sunnybrook-York Mills, Toronto

$5,650,000
Detached236 POPLAR PLAINS ROAD, Casa Loma, Toronto

$9,488,888
Detached287 RUSSELL HILL ROAD, Casa Loma, Toronto