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Jefferson, Richmond Hill
$2,780,000
An Exceptional Land Opportunity in One of Richmond Hill's Most Desirable Neighbourhoods. Situated on an impressive 107 x 205 ft lot, this exceptional offering features City-approved severance into two premium 53.5 x 205 ft building lots, creating an outstanding opportunity for builders, developers, investors, or end-users looking to create two spectacular custom estates. Surrounded by newly built luxury residences and nestled on one of the area's most sought-after streets, this is among the last remaining oversized severable properties of its kind. The approvals are in place, servicing is available, allowing you to move forward with confidence.The existing two-storey home is well maintained and fully rentable, providing immediate holding income while you finalize building plans or prepare for construction. Ideally located within close proximity to highly regarded schools, beautiful parks, golf courses, shopping, restaurants, public transit, and major highways, this property offers the perfect balance of luxury living, convenience, and long-term investment potential. Whether your vision is to build and sell two prestigious custom homes, create a legacy estate for generations to come, or capitalize on one of Richmond Hill's increasingly limited development opportunities, this property represents an offering that is becoming exceptionally rare. A truly remarkable opportunity where location, scale, approvals, and future value come together. Rarely does a property of this calibre become available.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $9,615 |
| Lot Size | 107.71 ft x 205 ft |
| mls© Number | N13636400 |
| Listed By | RE/MAX REALTRON REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $14,229
- Property tax
- $801
- Heat allowance
- $150
- Housing costs
- $15,181 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$467,000
gross annual household income
- Payment at 4%
- $11,699 / mo
- Cash down
- $556,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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