$799,900
For sale: Detached

Attention Builders & Investors! Welcome to an exceptional opportunity in the highly sought-after Oak Ridges community of Richmond Hill. Existing bungalow and detached garage is situated on an impressive 50 ft x 157.58 ft lot on a quiet street with peaceful views of the Oak Ridge Meadow across the street and new custom homes beside. Whether you're looking to build your dream home or invest for the future, this property provides endless possibilities. Location is a standout feature. Enjoy the convenience of being just a short walk to shops, public transit, restaurants, parks, services, and the many amenities along Yonge Street. Close to Hwys 404, 400 & 7 as well as Golf courses. Everything you need is close at hand, while the established Oak Ridges setting offers a welcoming community atmosphere and easy access to the broader Richmond Hill area. For builders, the expansive 50 x 157.58 ft lot presents an exciting opportunity to explore your vision. This is a chance to unlock value in an established and desirable neighbourhood. Don't miss this rare opportunity to own a generously sized lot with a detached bungalow and garage in Oak Ridges. Bring your imagination, ideas, and vision - the possibilities are yours to explore!
Sold data
Detached homes in Richmond Hill (Oak Ridges) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 48, across 256 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $1,498,000.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 256 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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