46 Roosevelt Dr
South Richvale, Richmond Hill, L4C 6V4
FOR SALE
$4,988,000
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BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSN10429093
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Property Description
Location, Location, Location! Large parcel of land, 1/2 acre lot available, in the exclusive community of South Richvale; located right off Yonge Street with quick access-routes to downtown Toronto and within minutes of the Shuttle to Pearson Airport, the 407, 404, hwy 7, Go transit, & Viva Transit. This old established neighbourhood is undergoing rapid change with the older homes being bought up and replaced with custom-built multi-million-dollar mansions. This is your chance to design the home of your dreams, inside and out and have a huge backyard-oasis for privacy, seclusion, and pleasure. The property is one of the few remaining large 1/2 acre lots available for sale in this prestigious South Richvale community, boasting 100 feet width x 232.8 feet depth; this lot could accommodate a magnificent stately Mansion on a 1/2 acre of prime real estate in South Richvale or the lot could be subdivided into two separate-1/4 acre estate lots. The area has the finest schools, - from all levels - the low, middle and high schools are within walking distance, quick access to U of T and York Univ, OCAD Univ, etc), There are several libraries, parks, restaurants of all flavours, 2 golf courses within a 10 minute drive, places of worship and multiple diversity and conveniences to shopping areas. The Subway is coming in 2030.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-06 | 2024-11-18 | 73 | $4,988,000 | - | Terminated |
| 2024-07-13 | 2024-09-06 | 55 | $4,988,000 | - | Terminated |
Nearby Intersections
Yonge & 16th Avenue (223)
Yonge & Highway 7 (102)
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
100' x 233'
Acreage
.50-1.99
Fronting
North
Taxes
$10,757 (2024)
Basement
Unfinished
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.53' x 20.34' | Broadloom, Large Window |
| Dining | Main | 9.81' x 10.60' | Broadloom |
| Kitchen | Main | 9.81' x 16.14' | |
| Prim Bdrm | Main | 5.09' x 10.56' | |
| 2nd Br | Main | 13.45' x 15.09' | Broadloom, Closet Organizers |
| 3rd Br | Main | 11.48' x 13.75' | Broadloom |
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Richmond Hill Market Statistics
Richmond Hill Price Trend
46 Roosevelt Dr is a 3-bedroom 2-bathroom home listed for sale at $4,988,000, which is $3,578,387 (253.9%) 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 2-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 Right At Home Realty
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Attentions Builder and Developer!!! Discover a unique investment with this property, designated as NEIGHBORHOOD USE in the Official Plan. It is one of a couple of pockets of older, small-scale commercial/industrial uses in Richmond Hill where, over the long-term, the City of Richmond Hill expects the area to change to something more residential, as opportunities for redevelopment occur. Currently has 3 tenants, fully leased until March 2027. One Residential House with 2 bedrooms. One Warehouse with 2 units and 8000 SF. Perfectly positioned near the bustling intersection of 16th Avenue and Yonge Street, this freestanding warehouse offers excellent access to major routes, including Hwy 407. Located amidst numerous condominium and townhouse developments, it's ideal for future business operations or redevelopment. The versatile zoning accommodates uses such as automobile repairs, offices, data processing centers, day nurseries, financial institutions, health centers, hotels, parking facilities, printing services, private clubs, libraries, restaurants, retail establishments, and warehousing. Adding to its appeal, the property includes a house, providing the convenience of living where you work, perfect for streamlining daily routines. Capitalize on this opportunity in a rapidly developing area, with exceptional connectivity and potential for various commercial and mixed-use ventures.
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