$8,800,000
Est. payment $38,964/moCalculate yours
225 Carrville Road, Richmond Hill, ON L4C 6E4
South Richvale, Richmond Hill, ON L4C 6E4
- 7 + 1 Beds
- 4 Baths
- 2,000 Sq Ft
Listing courtesy of FOREST HILL REAL ESTATE INC. MLS® N13652628
About this home
Rare development opportunity in the heart of Richmond Hill. 225 Carrville Road boastsapproximately 90 feet of frontage on Carrville Road and is subject to an advanced developmentapplication. Extensive planning, traffic, engineering and supporting technical work has alreadybeen completed in connection with the approval process. The sale will be conditional upon theSeller obtaining site plan approval. The existing detached dwelling provides valuable underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill’s most active redevelopment corridors.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- New
- Size
- 2,000 sqft
Interior
- Bedrooms
- 7 + 1
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Separate Entrance, Partially Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 90 x 241.5 Feet
- Parking
- None garage · 12 total
Financial
- Property Taxes
- $12,679 (2026)
Location
- Neighbourhood
- South Richvale
- Cross Street
- Yonge St. & Carrville Rd.
- Direction Faces
- South
Listing
- MLS® Number
- N13652628
- Days on Market
- 72
- Listed On
- 2026-08-07
- Possession
- TBD
- Listed By
- FOREST HILL REAL ESTATE INC.
Rooms
Features
Interior
- Accessory Apartment
Pool
- Inground
Mortgage calculator
Estimated mortgage payment
$38,964 per month
- Principal and interest
- $38,964
- Property tax
- $1,057
- Condo fees
- $0
- Estimated monthly cost
- $40,021
Your mortgage
- Mortgage amount
- $7,040,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $4,649,349
Cash to close
- Down payment
- $1,760,000
- Land transfer tax
- $206,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $1,966,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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