$1,299,000
For sale: Detached

Exceptional opportunity in Richmond Hill's highly sought-after Mill Pond community. Situated on a premium 51 x 140 ft lot with excellent frontage and depth, this property offers a rare combination of comfortable current living, long-term investment value, and future redevelopment potential. Enjoy a convenient central location close to Yonge Street, shopping, restaurants, supermarkets, Mackenzie Health Hospital, Mill Pond Park, scenic trails, public transit, and major commuter routes. Located within a highly regarded school district and surrounded by established homes and impressive custom-built residences. Ideal for end-users looking to move in and enjoy the home today, investors seeking a strong long-term holding opportunity, or buyers planning to build a custom dream home in the future. Property is being sold in "as-is, where-is" condition. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permits, redevelopment potential, and applicable municipal requirements.
Sold data
Detached homes in Richmond Hill (Mill Pond) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 (Mill Pond) 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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