281 Elgin Mills Rd W

FOR SALE
$2,890,000
281 Elgin Mills Rd W, Richmond Hill
281 Elgin Mills Rd W
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3
BEDROOMS
3
BATHROOMS
1
KITCHENS
7
ROOMS
N8418304
MLSID
Contact Us
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.
Listing History
List Date End Date Days Listed List Price Sold Price Status
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
Property Details
Community
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
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 $1,350,268 (87.7%) higher than the average sold price of $1,539,732 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 3 bedroom home in Richmond Hill increased by $150,906 (10.9%) compared to the previous 30 day period (July 22 - August 20) and up $157,911 (11.4%) from the same time one year ago.
Inventory Change
There were 96 3-bedroom homes listed in Richmond Hill over the last 30 days (August 21 - September 19), which is up 43.3% compared with the previous 30 day period (July 22 - August 20) and up 26.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Richmond Hill typically sold ($35,171) (2.3%) below asking price over the last 30 days (August 21 - September 19), which represents a $32,093 increase compared to the previous 30 day period (July 22 - August 20) and ($9,821) 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 (August 21 - September 19) stood at 38.5%, up from 34.3% over the previous 30 days (July 22 - August 20) and up from 36.8% 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 22 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 Re/Max Hallmark York Group Realty Ltd.
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