For Sale

196 Elgin Mills Road, Richmond Hill, Ontario L4C 4M2

$2,900,000

196 Elgin Mills Road, Richmond Hill, Ontario L4C 4M2 is For Sale and has a listing price of 2,900,000. The property is located in the Richmond Hill . It's been on the website for 6 Days.

  • Land
    Property Type
  • MLS ID: N12839098
  • Office Name VANGUARD REALTY BROKERAGE CORP.
Property Description

This nearly 1-acre site boasts an impressive 123 feet of frontage and is ideally positioned just steps from Yonge Street. Located in one of Richmond Hill’s most sought-after corridors, the property offers outstanding potential for residential redevelopment. Potential for 14 freehold townhouses. Drawings available. Surrounded by established neighbourhoods, transit, amenities, and major growth infrastructure, this is a rare opportunity for builders, developers, and investors to secure a prime infill site in a high-demand location. Don’t miss this exceptional investment opportunity in a rapidly evolving area.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: N12839098
  • Price: $2,900,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 335.22
  • Ref ID: N12839098
  • Dir / Cross St: Yonge/ Elgin MIlls
  • Status: Active
  • Tax Year: 2025
  • Property Type: Land
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
03/03/2026 N12839098 $2,900,000 For Sale - -
11/17/2025 N12552200 $4,500,000 For Sale - -
04/22/2025 N12095116 $5,450,000 For Sale - -
11/19/2024 N10430461 $1 For Sale - -
08/20/2024 N9262879 $7,000,000 Cancelled 11/12/2024 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Richmond Hill
  • $1,614,035 Average List Price
    based on 1 year
  • 631 New Listings
    based on 30 days
  • 108 Median Days on Market
    based on 1 year
  • List vs. Selling Price 246.39 % Up
  • Sold (12mo) 903
  • Rented (12mo) 1,245

  • 1 Month Change +44.7%
  • 3 Month Change -17.6%
  • 6 Month Change +5.9%
Walkscore
Property Type Distribution
  • All Houses
    68.73%
  • Commercial
    5.65%
  • Condo
    25.54%
  • Land for Sale
    0.07%
  • Parking
    0.01%
Additional Details
  • Taxes: $15,910
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 03/03/2026 16:13:59
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