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225 CARRVILLE ROAD, Richmond Hill (South Richvale) — listed at $8,800,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare development opportunity in the heart of Richmond Hill. 225 Carrville Road boastsapproximately 90 feet of frontage on Carrville Road and is subject to an advanced developmentapplication. Extensive planning, traffic, engineering and supporting technical work has alreadybeen completed in connection with the approval process. The sale will be conditional upon theSeller obtaining site plan approval. The existing detached dwelling provides valuable underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill's most active redevelopment corridors. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Family room | Main level | 3.67 x 5.36 meters |
| Family room | Basement | 6.4 x 4.85 meters |
| Kitchen | Basement | 5.7 x 5 meters |
| Kitchen | Main level | 3.26 x 5 meters |
| Dining room | Main level | 2.4 x 4.6 meters |
| Primary Bedroom | Main level | 4.1 x 3.5 meters |
| Bedroom 2 | Main level | 3.6 x 3.35 meters |
| Bedroom 3 | Main level | 4.08 x 2.25 meters |
| Primary Bedroom | Main level | 5.25 x 3.6 meters |
| Bedroom 4 | Main level | 3.55 x 3.25 meters |
| Bedroom 5 | Main level | 2.85 x 2.65 meters |
| Bedroom | Main level | 3 x 2.84 meters |
Could this work as an investment property?+
The basement description mentions: Partially finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Richmond Hill (South Richvale) before counting on it.
What makes this a luxury property?+
At $8,800,000, standout features include 4 bathrooms, a pool. In this price range, expect higher-end finishes — verify during a showing.
Tell me about the pool.+
This property has a pool: Inground pool. Ask whether it's open year-round or seasonal, and factor in maintenance costs when budgeting.
What's the parking situation?+
This property includes 12 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $12,678.53, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Partially finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
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