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.
Address
116 Weldrick Road W
List Price
$1
MLS® Status
Extension
Expiration Date
2026-08-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Backsplit 3
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
North Richvale
Region
York
Bedrooms
5 + 3
Bedrooms (Total)
8
Rooms Above Grade
12
Rooms Below Grade
9
Bathrooms
6
Floor Area
2500-3000 Sq. Ft.
Lot Depth
175
Lot Irregularities
72.87 ft x 174.97 ft x 65.06 ft x 174.9
Lot Size Units
Feet
Lot Width
65
Parcel Number
031540230
Occupant Type
Owner
Cross Street
WELDRICK RD W & KERSEY CRES
MLS® Number
N11980487
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Basement Area
Finished, Separate Entrance
Postal Code
L4C 3V1
Posession Details
IMMEDIATE/TBA
Parking
Private Double
Parking Places (Total)
6
Parking Spaces
4
Tax Amount
$8,750.00
Tax Year
2024
Interior Features
Carpet Free
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Unknown
Garage Type
Built-In
Covered Spaces
2
Kitchens Total
4
Kitchens Above Grade
2
Kitchens Below Grade
2
Pool Features
None
Roof
Shingles
Tax Legal Description
PT LT 84 PL 1923 VAUGHAN; PT LT 85 PL 1923 VAUGHAN PT 2 64R7026 ; RICHMOND HILL
Waterfront
No
Sewer
Sewer
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