$1,698,000 - 11631 Leslie Street, Richmond Hill
Detached for Sale in Richmond Hill
79 days on market- MLS Number
- N12945410
- Property Type
- Detached
- Status
- active
- Days on Site
- 79
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX CROSSROADS REALTY INC.
*Prime Land Opportunity !An exceptional opportunity to secure a premium parcel of land in one of Richmond Hill's most rapidly transforming and highly sought-after corridors. Strategically positioned at Leslie Street & 19th Avenue, this expansive ~25,000 sq.ft. lot presents outstanding potential for redevelopment, investment, or the construction of a custom luxury estate. *Surrounded by a wave of **multi-million dollar custom homes** and **newly built townhome communities directly across the street**, this location is undergoing significant urban evolution-making it an ideal acquisition for forward-thinking investors and end-users alike. *The property offers exceptional **future upside**, with strong land appreciation driven by ongoing residential intensification along the Leslie corridor. Whether envisioning a **bespoke luxury residence** , the value here lies firmly in the land and its long-term growth trajectory. *Adding to its development appeal, **municipal water and gas services are available at the street**, providing a clear pathway for future connection and modernization of infrastructure-an important advantage for builders and developers seeking efficiency and cost predictability.* Nestled within a prestigious and evolving enclave, this property offers:* Proximity to top-ranked schools, parks, and amenities* Easy access to major transit routes and Highway 404* A balance of estate-style living with urban convenience* Strong demand from luxury home buyers and developers.*This is a rare chance to acquire a **high-potential land holding in Richmond Hill**, where supply is limited and redevelopment opportunities are increasingly scarce.**Invest, build, or land bank-11631 Leslie Street represents location, scale, and future value in one compelling offering.*the City's Accessory Residential Unit (ARU) By-law 143-24, , does permits one ARU within a single detached dwelling in the ORMCO zone.*
Estimate your monthly payments for this property
Estimated Payment
$7,510.83/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Richmond Hill
Richmond Hill is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Richmond Hill
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Richmond Hill offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
11631 Leslie Street, Richmond Hill
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2426/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 79 days on site, this property has exceeded the typical selling timeline for Richmond Hill. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,075 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.