Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

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Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

Approved 19-Unit Freehold Luxury Townhome Development Site in Prime Richmond Hill Location

For Sale $ inquire Request
LOCATION: Ontario Canada
CATEGORY: Commercial Real Estate
INDUSTRY: Land & Developments for Sale | Houses & Condos for Sale or Lease
LISTING TYPE: Residential Lots for Sale | Development Land for Sale | Townhouses for Sale

Rare opportunity to acquire a prime development site in one of Richmond Hill’s most desirable and rapidly evolving corridors. This property is approved/zoned for a 19-unit luxury townhouse project, offering developers the ability to move forward with a high-end residential concept in an established, affluent neighbourhood.
Positioned within a pocket surrounded by multimillion-dollar homes, the site supports a premium end product with strong resale potential. The proposed average unit size of approximately 2,000 sq. ft. aligns well with current market demand for spacious, family-oriented townhomes in this area.
The location is further strengthened by significant ongoing and future infrastructure improvements, including the Yonge North Subway Extension and multiple transit connections, enhancing long-term accessibility and value.
In addition, the property is located just minutes from Hillcrest Mall, which is undergoing a major transformation into a mixed-use high-density development, bringing new retail, residential density, and increased foot traffic to the immediate area.
This is a strategic opportunity to develop a boutique residential community in a high-income neighbourhood with strong fundamentals, future growth catalysts, and proven demand for quality housing.

Business / Property Details

Development Site – Residential Townhouse Opportunity

Address:
Richmond Hill, ON

Zoning / Use:
Approved / Zoned for residential townhouse development

Proposed Development:

Total Units: 19 freeholdTownhomes
Average Unit Size: ~2,000 sq. ft.

Development Highlights:

Low-rise luxury townhouse concept
Located within an established residential neighbourhood
Surrounded by high-value detached homes
Strong end-user demand for family-sized housing

Transit & Accessibility:

Short walk to Yonge Street
Short walk to Hillcrest Mall
Close proximity to Highway 407 and major arterial roads
Access to multiple transit systems including GO, Viva BRT, and TTC connections
Future Yonge North Subway Extension planned within close proximity (~2 km)

Nearby Amenities:

Hillcrest Mall (major redevelopment underway)
Major retailers (Loblaws, Walmart, Best Buy, Home Depot, etc.)
Healthcare (Mackenzie Health Hospital)
Schools, fitness centres, dining, and financial institutions
Richmond Hill Golf & Country Club nearby

Additional Notes:

Strong redevelopment corridor with increasing density
Ideal for builders and developers targeting mid-to-high-end buyers
No equipment, inventory, or chattels included

Location

Richmond Hill, Ontario, Canada
(Carrville Road corridor, near Yonge Street and Hillcrest Mall)

Selling Price

Price: Confidential / Available Upon Request

Peter Golab FOREST HILL REAL ESTATE INC.

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