$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
Detached homes in Richmond Hill (South Richvale) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 (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

$3,688,000
Detached55 FOREST GROVE DRIVE, Bayview Village, Toronto

$5,000,000
Detached253 MORNING SIDE ROAD, Rural East Gwillimbury, East Gwillimbury

$8,498,000
Detached11 ORMSBY CRESCENT, Forest Hill South, Toronto

$5,588,000
Detached15175 KEELE STREET, Rural King, King

$5,995,000
Detached16365 BATHURST STREET, Summerhill Estates, Newmarket

$3,399,000
Detached69 CHAPLIN CRESCENT, Yonge-Eglinton, Toronto

$4,888,888
Detached143 MILDENHALL ROAD, Bridle Path-Sunnybrook-York Mills, Toronto