$4,980,000 - 180-182 Church Street, Richmond Hill
Detached for Sale in Richmond Hill
78 days on market- MLS Number
- N12947970
- Property Type
- Detached
- Status
- active
- Days on Site
- 78
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Richmond Hill
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Attention Builders, Developers, Investors & End Users! Exceptional Opportunity in the Heart of Richmond Hill! ***Rare offering of two prime adjacent parcels at 180 & 182 Church St S, totaling approximately 100 x 150 ft (15,000 sq ft), ideally positioned within the sought-after Village Local Centre along the Yonge St corridor-an area designated for significant intensification under the City's Official Plan. ***This high-potential development site comes with completed pre-submission studies and engineering, with a proposed 11-13 storey mid-to-high-rise residential project. The property is currently improved with two well-maintained, renovated, and income-generating detached homes, offering immediate holding value. ***Strategically located just steps to Yonge Street, transit, shopping, restaurants, top-ranking schools, medical services, and all essential amenities. Close proximity to major highways, Elgin Barrow Arena and Central Branch (Richmond Hill Public Library) further enhances its appeal. ***Surrounded by active and proposed developments-including a nearby 21-storey mixed-use project-this site is ideally positioned for future growth. Potential for further land assembly to unlock even greater density. ***180 & 182 Church St S must be purchased together. ***A rare chance to secure a premier development site in one of Richmond Hill's fastest-growing urban corridors-don't miss this outstanding investment opportunity!
Estimate your monthly payments for this property
Estimated Payment
$22,028.22/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.
180-182 Church Street, Richmond Hill
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Rental income estimator & ROI calculator
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 $2490/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 78 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Richmond Hill.
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 $20,750 (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.