11222 Bayview Ave
Devonsleigh, Richmond Hill, L4S 1L4
FOR SALE
$4,550,000
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Property Description
Attention investors, builders, and end users: Seize this excellent opportunity to own a 1.51-acre corner lot situated on Bayview Avenue in the center of Richmond Hill. This prime property, with a frontage of 150.43 feet, features two entrances and is nestled in established residential areas and newly developing subdivisions. Public transportation is conveniently accessible right at your doorstep. The location is enriched with both private and public schools, shopping plazas, educational institutions, churches, and parks. Just minutes away from HWY 404, this lot offers endless potential for a variety of uses. The existing house is over 3,000 sq ft with 5 bedrooms, 4 bathrooms, and a finished basement.
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Extras
Property Being Sold In "As Is & Where Is" Condition. Buyers To Verify All Relevant Development Information And Any Right-Of-Way Easement and Restrictive Covenants That May Be Registered On Property.
Nearby Intersections
Property Features
Park, Public Transit, Ravine, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
150' x 362'
Acreage
.50-1.99
Fronting
West
Taxes
$4,865 (2023)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Detached
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Richmond Hill Market Statistics
Richmond Hill Price Trend
11222 Bayview Ave is a 5-bedroom 4-bathroom home listed for sale at $4,550,000, which is $1,594,072 (53.9%) higher than the average sold price of $2,955,928 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill increased by $569,273 (23.9%) compared to the previous 30 day period (February 27 - March 27) and up $418,328 (16.5%) from the same time one year ago.Inventory Change
There were 28 5-bedroom homes listed in Richmond Hill over the last 30 days (March 28 - April 26), which is down 3.4% compared with the previous 30 day period (February 27 - March 27) and up 16.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold $51,835 (1.8%) above asking price over the last 30 days (March 28 - April 26), which represents a $38,422 decrease compared to the previous 30 day period (February 27 - March 27) and $193,733 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 5-bedroom homes in Richmond Hill over the last 30 days (March 28 - April 26) stood at 50.0%, up from 24.1% over the previous 30 days (February 27 - March 27) and down from 62.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Richmond Hill stood at 17 days when successfully sold over the last 30 days (March 28 - April 26), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Leading Edge Realty Inc.
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