281 Elgin Mills Rd W
Mill Pond, Richmond Hill, L4C 4M1
FOR SALE
$3,900,000
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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 up to a $2,500,000 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 |
|---|---|---|---|---|---|
| 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 (43)
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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 $3,900,000, which is $2,513,363 (181.3%) higher than the average sold price of $1,386,637 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill increased by $65,012 (4.9%) compared to the previous 30 day period (February 29 - March 29) and down $15,848 (1.1%) from the same time one year ago.Inventory Change
There were 97 3-bedroom homes listed in Richmond Hill over the last 30 days (March 30 - April 28), which is up 21.2% compared with the previous 30 day period (February 29 - March 29) and up 73.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold $45,215 (3.3%) above asking price over the last 30 days (March 30 - April 28), which represents a $6,351 decrease compared to the previous 30 day period (February 29 - March 29) and $90,842 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 3-bedroom homes in Richmond Hill over the last 30 days (March 30 - April 28) stood at 41.2%, down from 50.0% over the previous 30 days (February 29 - March 29) and down from 60.7% 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 14 days when successfully sold over the last 30 days (March 30 - April 28), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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