181 King Rd
Oak Ridges, Richmond Hill, L4E 2W1
FOR SALE
$3,988,000
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BEDROOMS5
BATHROOMS1
KITCHENS12
ROOMSN9250988
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Property Description
ATTENTION MULTI GENERATION FAMILIES and BUSINESS OWNERSZoned GC2 Commercial Residential Mixed UseBring your business AND your family. Ideally located in the heart of York Region, this versatile property is designed for those who need both a thriving business environment and a welcoming home for family,and extended family. Plenty of living space, work space, land, and electrical power all in the heart of York Region.Investment Potential Benefit from the areas ongoing development and growth, positioning this property as a prime investment opportunity.Perfectly located steps to Yonge Street and York Region transit lines. Equal distance to Hwy 400 and Hwy 404 for easy direct commutes to and from downtown Toronto.This property includes:Commercial Space -spacious 1400 sqft retail showroom featuring both 110v and 220v electrical to support diverse business needs- fully equipped lower level workshop, 400 Amp ready to handle your most demanding projectsResidential Space- 6 bedrooms, including 2 with private ensuites, ensuring ample privacy and comfort for everyone- 4 full bathrooms plus an additional 2-piece bath in basement, complete with shower rough-in for future expansion- separate entrance from walk-up basement offers tremendous potential for an extra unit or extended family accommodations- 2 oversized car garage- extra heated workshop attached to garage for even more work space or storageThe original owners are looking to retire and are seeking a 6-12 month rent-back lease agreement, ensuring immediate rental income upon closing.Dont miss this opportunity to own a versatile property that can accommodate all your personal and professional needs.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-03-25 | 2024-06-20 | 87 | $4,288,000 | - | Terminated |
2024-02-08 | 2024-03-11 | 32 | $4,288,000 | - | Terminated |
2022-04-20 | 2022-09-30 | 163 | $4,688,000 | - | Expired |
Extras
all heating and cooling equipment, fridge, stove, dishwasher, all electric light fixtures.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
69' x 407'
Acreage
.50-1.99
Fronting
South
Taxes
$13,214 (2023)
Basement
Finished, Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Ground | 12.50' x 17.49' | Broadloom, French Doors, Combined W/Dining |
Dining | Ground | 11.52' x 15.03' | Broadloom, W/O To Deck, Combined W/Living |
Kitchen | Ground | 10.01' x 11.02' | Ceramic Floor, Backsplash, Breakfast Bar |
Breakfast | Ground | 8.53' x 10.01' | Ceramic Floor, Combined W/Kitchen, O/Looks Backyard |
Family | Ground | 10.70' x 18.50' | Hardwood Floor, Fireplace, W/O To Deck |
Office | Ground | 11.02' x 13.52' | Hardwood Floor |
Other | Ground | 32.02' x 41.34' | Broadloom |
Prim Bdrm | 2nd | 12.01' x 15.52' | Broadloom, 4 Pc Ensuite, Double Closet |
2nd Br | 2nd | 10.01' x 11.02' | Broadloom, B/I Closet |
3rd Br | 2nd | 10.01' x 11.02' | Broadloom, B/I Closet |
4th Br | 2nd | 11.02' x 16.50' | Broadloom, B/I Closet, 4 Pc Ensuite |
5th Br | 2nd | 10.01' x 10.01' | Broadloom, B/I Closet |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
181 King Rd is a 5-bedroom 5-bathroom home listed for sale at $3,988,000, which is $1,652,313 (70.7%) higher than the average sold price of $2,335,687 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Richmond Hill increased by $71,326 (3.1%) compared to the previous 30 day period (September 21 - October 20) and up $127,787 (5.8%) from the same time one year ago.Inventory Change
There were 25 5-bedroom homes listed in Richmond Hill over the last 30 days (October 21 - November 19), which is down 41.9% compared with the previous 30 day period (September 21 - October 20) and up 19.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Richmond Hill typically sold ($37,347) (1.6%) below asking price over the last 30 days (October 21 - November 19), which represents a $58,042 increase compared to the previous 30 day period (September 21 - October 20) and ($96,457) more 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 (October 21 - November 19) stood at 64.0%, up from 18.6% over the previous 30 days (September 21 - October 20) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Richmond Hill stood at 35 days when successfully sold over the last 30 days (October 21 - November 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Tri-Home Real Estate Ltd.
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