281 Elgin Mills Rd W
Mill Pond, Richmond Hill, L4C 4M1
FOR SALE
$2,890,000
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Property Description
Attention Builders! Your Building Opportunity Awaits You In Central Richmond Hill. Proposed 11 Freehold Townhome Development. Site Plan Available. Each Townhome Approx 2000SF, 3 Storey, Single Garage. Located Near Mill Pond, Hospital, School, Park. Close To Public Transit. Seller will take back a mortgage at a negotiable rate for 1 year.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-07 | 2024-11-13 | 159 | $2,890,000 | - | Terminated |
2024-04-04 | 2024-06-06 | 63 | $3,500,000 | - | Terminated |
2023-10-03 | 2024-04-03 | 183 | $4,499,000 | - | Expired |
2023-06-02 | 2023-10-02 | 122 | $4,499,000 | - | Expired |
2023-02-17 | 2023-02-28 | 11 | $1,388,000 | $1,950,000 | Sold |
2022-11-07 | 2022-11-18 | 11 | $2,380,000 | - | Suspended |
2022-08-18 | 2022-10-31 | 74 | $2,380,000 | - | Expired |
2020-06-14 | 2020-10-26 | 134 | $2,680,000 | - | Suspended |
Nearby Intersections
Yonge & Elgin Mills (85)
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
103' x 213'
Fronting
South
Taxes
$6,800 (2023)
Basement
Full
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
Other
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Richmond Hill Market Statistics
Richmond Hill Price Trend
281 Elgin Mills Rd W is a 3-bedroom 3-bathroom home listed for sale at $2,890,000, which is $1,480,387 (105.0%) higher than the average sold price of $1,409,613 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill declined by $50,971 (3.5%) compared to the previous 30 day period (September 21 - October 20) and down $10,918 (0.8%) from the same time one year ago.Inventory Change
There were 60 3-bedroom homes listed in Richmond Hill over the last 30 days (October 21 - November 19), which is down 31.8% compared with the previous 30 day period (September 21 - October 20) and down 9.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold $5,470 (0.4%) above asking price over the last 30 days (October 21 - November 19), which represents a $46,779 increase compared to the previous 30 day period (September 21 - October 20) and ($36,051) 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 3-bedroom homes in Richmond Hill over the last 30 days (October 21 - November 19) stood at 70.0%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Richmond Hill stood at 25 days when successfully sold over the last 30 days (October 21 - November 19), compared to 57 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark York Group Realty Ltd.
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