$3,980,000
For sale: Vacant Land

***ATTENTION BUILDERS, DEVELOPERS & INVESTORS!*** Discover An Exceptional Residential Development Opportunity In The Prestigious Oak Ridges Community Of Richmond Hill! Located At 45 & 51 Prince Arthur Avenue, This Impressive Approx. 300 x 100 Ft Site Features A City-Approved 9-Home Development, Including 4 Semi-Detached And 5 Detached Residences. With Extensive Planning, Lot Severance, Zoning Compliance And Minor Variance Approvals Undertaken. Municipal Servicing And Sanitary Connections Reported Available, with Water Allocation Reported To Be In Place, With Road Construction And Municipal Service Connections To Be Completed As Part Of Future Development. Ideally Situated Near Bathurst Street & King Road, Surrounded By Beautiful Custom Homes And Close To Schools, Parks, Golf Courses, Shopping, Transit And Major Highways. Architectural Drawings, Site Plans, Surveys And Supporting Approval Documents Available For Review. A Rare Investment Opportunity With Outstanding Development Potential In One Of Richmond Hill's Most Desirable Communities. Don't Miss Out!***
Sold data
Homes in Oak Ridges took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 46, across 55 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 59 days.
The median sale price was $1,259,000.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 16% of sales closed above the list price.
Around 13% of sellers reduced their price before finding a buyer.
Based on 55 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. 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.
Currently for sale

$6,950,000
Vacant Land0000 POOLTON LANE, Painswick North, Barrie

$3,800,000
Vacant Land17236 KENNEDY ROAD, Rural Whitchurch-Stouffville, Whitchurch-Stouffville

$8,950,000
Vacant Land1820 10TH LINE & 0 10TH LINE, Rural Innisfil, Innisfil

$7,998,000
Vacant Land7489 CONCESSION ROAD 2, Rural Uxbridge, Uxbridge

$5,280,000
Vacant Land821 BIG BAY POINT ROAD, Innis-Shore, Barrie

$4,880,000
Vacant Land925A CHURCH DRIVE, Lefroy, Innisfil

$6,999,000
Vacant Land11 CARHARTT STREET, Englemount-Lawrence, Toronto

$5,550,000
Vacant Land15672 WARDEN AVENUE, Rural Whitchurch-Stouffville, Whitchurch-Stouffville