235 KING Road, Oak Ridges, Ontario, L4E2W2 Richmond Hill ON CA

CAD 40,000,000
For Sale MLS: 40438085

Property Details

Bedrooms

4

Bathrooms

3

Neighborhood

Oak Ridges

Basement

None

Property Type

Vacant Land

Description

Attention Developers! Incredible Opportunity To Purchase 3.875 Acres For Medium Density Residential Development In Prime Location In Richmond Hill In The Famous Oak Ridges Moraine. Located In Established Residential Area With Full Municipal Services, And Backing Onto Small Park To Be Built By Developer In Lieu Of Parkland Fees. Nearby Access To Hwy 404 & 400 With Access To The Subject Property From King Rd. The Proposed Development Is For 178 Stacked Townhome Units With A GFA Of 165,434 SF, The Land Cost In This Triple Prime Location Would Be $225,000 Per Unit. As Per Planner’s Letter All Further Approvals, Including Zoning And Site Plan Approval, Are Expected To Be Received In Short Order. Opportunity For Joint Venture Offers, With Potential For Equity Financing Or Assistance With Debt Financing To Qualified Buyers. (id:1937) Find out more about this property. Request details here

Location

Address

235 King Road, Richmond Hill, Ontario L4E 2W2, Canada

City

Richmond Hill

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