103 Richmond St
Mill Pond, Richmond Hill, L4C 3Y6
FOR SALE
$1,899,000
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Property Description
Experience the perfect blend of historical charm, modern luxury, income capability and endless potential with this unique heritage property! Originally built in 1886 for Eliza Gaby, set on an extra-large 50 x 250 ft lot in the desirable Mill Pond community, this home offers a rare opportunity to preserve 138 years of history while enjoying a serene, tree-lined landscape. Fabulous & practical proposed/approved floor plans include 4 bedrooms, each with its own ensuite bath, and a fully separate 2-bedroom, 2-bath income-generating coach house, ideal for rental income, multi-generational living or for guests! Approved redevelopment plans are in place, making this a primed opportunity for buyers looking to enhance the home's historical beauty with modern amenities. The redevelopment, already cleared by the Heritage Committee, City Council and COA ensures preservation of the property's character while incorporating luxurious upgrades for future generations. The coach house adds significant income potential, making this property equally enticing for both residing homeowners and investors. This elegant home combines historical integrity with modern luxury, offering a rare chance to own a piece of history with endless potential. Steps to Mill Pond, Top Schools, Beautiful Parks, Walking/Biking Trails, Hospital and close to All Amenities!
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Extras
Redevelopment Plans-Ready to file, saving time and effort. Heritage Planner/Project Manager Onboard w/35+ yrs of experience in architectural design. Maintained large maple and evergreen trees for natural beauty.
Nearby Intersections
Yonge & Major Mackenzie (155)
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
50' x 262'
Fronting
North
Taxes
$6,057 (2024)
Basement
Crawl Space
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Richmond Hill Market Statistics
Richmond Hill Price Trend
103 Richmond St is a 4-bedroom 5-bathroom home listed for sale at $1,899,000, which is $51,839 (2.7%) lower than the average sold price of $1,950,839 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 4 bedroom home in Richmond Hill increased by $27,924 (1.5%) compared to the previous 30 day period (July 22 - August 20) and up $190,183 (10.8%) from the same time one year ago.Inventory Change
There were 181 4-bedroom homes listed in Richmond Hill over the last 30 days (August 21 - September 19), which is up 81.0% compared with the previous 30 day period (July 22 - August 20) and up 47.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Richmond Hill typically sold ($28,219) (1.4%) below asking price over the last 30 days (August 21 - September 19), which represents a $44,322 increase compared to the previous 30 day period (July 22 - August 20) and $7,127 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Richmond Hill over the last 30 days (August 21 - September 19) stood at 21.5%, down from 51.0% over the previous 30 days (July 22 - August 20) and down from 48.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Richmond Hill stood at 34 days when successfully sold over the last 30 days (August 21 - September 19), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Your Community Realty
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