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$ 1,848,000
Est. payment /mo
Active
75 Spruce AVE Richmond Hill, ON L4C 6V9
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision South Richvale
MLS Listing ID N13042658
Style 2-Storey
Bedrooms 4
Annual Tax Amount $10,289
Tax Year 2025
Property Sub-Type Detached
Property Description
Opportunity knocks in one of Richmond Hill's most desirable and highly sought-after neighborhoods, SOUTH RICHVALE. Situated on a premium 10,882 sq. ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some TLC, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2years as the market evolves for secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, location, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity. Top 5 Reasons to Buy : Prestigious South Richvale LocationSituated in one of Richmond Hill's most affluent and sought-after communities, surrounded by luxury custom homes and strong long-term value.Premium 1/4 Acre South-Facing LotA rare 10,882 sq. ft. lot with ideal southern exposure-perfect for maximizing natural light and designing a high-end custom residence.Immediate Income PotentialThe existing home offers the option to rent and generate cash flow while you plan your future build or wait for optimal market conditions.Exceptional Redevelopment OpportunityA prime canvas for builders and end-users looking to create a custom dream home in a neighborhood where redevelopment is already well underway.Strategic Buy Ahead of Market UpswingPurchase at today's pricing, hold short-term, and position yourself to benefit from future appreciation in a consistently high-demand area.
Location
Province ON
County York
Area York
Rooms
Family Room Yes
Basement Partially Finished
Kitchen 1
Separate Den/Office 1
Interior
Interior Features In-Law Capability
Cooling Central Air
Fireplaces Type Wood
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.02
Lot Depth 241.94
Total Parking Spaces 6
Building
Building Age 31-50
Unit Features Greenbelt/Conservation
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.