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$ 4,250,000
Est. payment | /mo
1,100 SqFt
$ 4,250,000
Est. payment | /mo
1,100 SqFt
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100 - 1500
Square Footage 1,100 sqft
Price per Sqft $3,863
Subdivision Westbrook
MLS® Listing ID N13486498
Style Bungalow
Property Sub-Type Freehold
Property Description
This property is under Power of sale. 0.95 acre of land together with an existing detached residence of approximately 3,000 sq.ft. with a double-car garage - 41 Cooperage Cres (61.51 x164.49), providing potential rental income or interim use while pursuing future development plans. Previous development concepts contemplated approximately 14 townhouse units and 2 detached dwellings (buyer to conduct their own due diligence and verify all development potential with the municipality). An exceptional opportunity for developers, investors, land bankers and builders. Generate holding income from the existing residence while advancing planning applications, site plan approvals, redevelopment proposals, or potential future land assembly opportunities. Properties of this size and location rarely become available, and even more rarely under Power of Sale. Whether your strategy is redevelopment, investment, land banking, or assembly, this property offers significant upside potential in a highly desirable Richmond Hill location. Sold on an "As Is, Where Is" basis. Buyer to conduct their own due diligence regarding zoning, planning, development potential, permitted uses, and all other matters. However, Historical planning, engineering, and development-related materials may be available for review. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features Yes
View Y/N No
Attached Garage Yes
Total Parking Spaces 5
Garage Yes
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Listed by RE/MAX ELITE REAL ESTATE
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