For Sale
231 Carrville Road
South Richvale, Richmond Hill, ON
$8,800,000
4Bd
2Ba
1,750+sqft
7Parking
45 x 241.5 ftlot
$5029/sqft
DetachedMLS# N13652424Listed 2026-08-0716 DOM
Cooling
Central Air
Basement
Partially Finished
About this home
Rare development opportunity in Richmond Hill. 231 Carrville Road offers approximately 45 feetof frontage on Carrville Road and is subject to an advanced development application. Significantplanning, traffic, engineering and supporting technical work has already been completed inconnection with the approval process. The sale will be conditional upon the Seller obtainingsite plan approval. The existing detached dwelling provides valuable underlying asset andholding value while approvals are finalized. An exceptional opportunity for developers, buildersand investors in one of Richmond Hill's desirable redevelopment corridors. Please note: One ofthe Listing Salespersons has an ownership interest in the property.
Rooms
Main Floor
| Living Room | 4.80 × 3.45 m | |
| Family Room | 7.90 × 3.40 m | Combined w/Dining |
| Dining Room | 7.90 × 3.40 m | Combined w/Living |
| Bedroom | 5.00 × 2.70 m |
Second Floor
| Bedroom | 5.70 × 3.15 m | |
| Primary Bedroom | 6.30 × 3.45 m | |
| Bedroom | 4.75 × 2.70 m |
Features
- None
- Partially Finished
- Walk-Up
- Central Air
- 2-Storey
Financials
Annual Taxes
$9,006
Estimated Rental Income
Entire property$4,000 – $6,500/mo
Rental yield0.5% – 0.9%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Richmond Hill
Days on market16 days
Buyer's MarketSeller's Market
Based on active listings in Richmond Hill. Data updates daily.
Demographics — Richmond Hill
Population
202,022
Avg Household Income
$115,000
Age Distribution
0-19
20%
20-34
17%
35-49
22%
50-64
22%
65+
19%
Ownership81% own · 19% rent
EnglishMandarinCantoneseFarsiRussian
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
62
/ 100
Walk Score
Somewhat Walkable
37
/ 100
Transit Score
Some Transit
40
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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