192 King Rd
Oak Ridges, Richmond Hill, L4E 2W1
FOR SALE
$1,899,000
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4 + 3
BEDROOMS4
BATHROOMS1 + 3
KITCHENS6 + 3
ROOMSN9248181
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Property Description
Welcome to an expansive 5300 sqft property that offers both comfortable living and excellent rental income potential. This versatile investment property features three separate living spaces of varying sizes, including one, two, and four-bedroom apartments, each with its own fully equipped kitchen and bathroom. The main house boasts 4 bedrooms, including a master suite on the main floor, two full bathrooms, a powder room, a dry sauna, and a jacuzzi. Full open conept kitchen with large island. The lower level features 2 apartments with open concept kitchen. The GC1 zoning allows for a wide range of business uses, such as medical clinics, health centers, professional offices, pet stores, veterinary clinics, day nurseries, art shops, bakeries, and funeral homes. With ample parking for 12 vehicles and just a 5-minute walk to Yonge Street and all amenities, this property is ideally located. Its also only a few steps to the bus station. Can be combined with 3 Hughes St from the backside for additional access. Whether youre looking to live in a spacious home while generating rental income or seeking a lucrative investment property, 192 King Road is a prime opportunity. The property's ample space and zoning flexibility make it perfect for a daycare or any of the other permitted businesses, enhancing its appeal and potential.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-29 | 2024-08-09 | 11 | $1,399,000 | - | Terminated |
| 2023-01-13 | 2023-03-31 | 77 | $1,980,000 | - | Expired |
| 2022-07-15 | 2022-10-14 | 91 | $2,200,000 | - | Expired |
| 2022-03-22 | 2022-05-17 | 56 | $2,600,000 | - | Terminated |
| 2020-01-02 | 2020-02-24 | 53 | $1,450 | $1,300 | Leased |
| 2019-02-06 | 2019-02-27 | 21 | $1,750 | $1,600 | Leased |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
70' x 149'
Fronting
North
Taxes
$7,295 (2024)
Basement
Finished
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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Richmond Hill Market Statistics
Richmond Hill Price Trend
192 King Rd is a 4-bedroom 4-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 4-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 Soltanian Real Estate Inc.
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