$1

Detached

116 Weldrick Road, Richmond Hill, ON

393 DAYS
5+3
6
2
2500-3000
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Listed by RE/MAX REALTRON REALTY INC.

Property Highlights

Garage

2 spaces

Property Tax

$8,750/yr

Lot Size

11,375 sqft

Style

Backsplit 3

Basement

Finished, Separate Entr.

Monthly Cost

$729/mo

About This Home

A prime development and investment opportunity in the heart of Richmond Hill, just two minutes from Yonge Street. This high-potential redevelopment site must be purchased with 114 Weldrick Ave(there is option to be purchased separately as well), offering possibilities for town home development or severance into 3-4 lots. Great potential of generating rental income permonth.this property provides a strong turnkey investment while planning for future development.Fully renovated two-story back-split is thoughtfully designed with multiple units, each featuring modern finishes & private entrances. The main level offers three bedrooms and three bathrooms, including a primary suite with double walk-in closet and 3-piece ensuite. The updated kitchen boasts quartz countertops, stainless steel appliances, and an open-concep tlayout, seamlessly connecting to the bright living and dining areas, complete with pot lights throughout. The back-split unit features a walkout to a private backyard, a spacious living room with a fireplace, a full kitchen with laundry, and two bedrooms with a five-piece bathroom. The finished basement further enhances the property's value with three separate in-law suites, including one in lower level and two in the basement, each with its own private entrance to the outside. The first suite includes one bedroom, a three-piece bathroom, a wet bar, a full kitchen, and a living area with pot lights throughout. The second suite features two bedrooms, a three-piece bathroom, a full kitchen, and a spacious living area, providing ideal space for extended family or tenants. Situated in a high-demand neighborhood, just minutes from public transit, major highways, shopping, restaurants, and top-rated schools, thisproperty presents incredible potential for investors, builders, and developers.Whether you're looking to Live, Redevelop, Potential to Generate income, or hold for future appreciation, this is an unmatched opportunity in a rapidly growing community.

Monthly Cost

Monthly Mortgage$0
Property Tax ($8,750/yr)$729
Total$729

Price & Listing History

Schools

Location

Tap to view full map

Rooms

Main Level

Living Room: 8.12m × 3.96m
Kitchen: 6.20m × 3.59m
Breakfast: 6.20m × 3.59m
Dining Room: 8.12m × 3.96m

Upper Level

Primary Bedroom: 4.92m × 3.74m
Bedroom 3: 3.31m × 3.08m
Bedroom 2: 4.45m × 3.75m

Lower Level

Bedroom: 3.92m × 3.24m
Kitchen: 3.57m × 3.13m
Bedroom: 3.25m × 3.19m
Dining Room: 3.57m × 3.13m
Living Room: 3.57m × 3.05m

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage