For Sale
225 Carrville Road
South Richvale, Richmond Hill, ON
$8,800,000
7+1Bd
4Ba
2,250+sqft
12Parking
90 x 241.5 ftlot
$3911/sqft
DetachedMLS# N13652628Listed 2026-08-0716 DOM
Cooling
Central Air
Basement
Partially Finished
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.
Rooms
Main Floor
| Family Room | 3.67 × 5.36 m | |
| Kitchen | 3.26 × 5.00 m | |
| Dining Room | 2.40 × 4.60 m | |
| Primary Bedroom | 4.10 × 3.50 m | |
| Bedroom 2 | 3.60 × 3.35 m | |
| Bedroom 3 | 4.08 × 2.25 m | |
| Primary Bedroom | 5.25 × 3.60 m | |
| Bedroom 4 | 3.55 × 3.25 m | |
| Bedroom 5 | 2.85 × 2.65 m | |
| Bedroom | 3.00 × 2.84 m |
Basement
| Family Room | 6.40 × 4.85 m | |
| Kitchen | 5.70 × 5.00 m |
Features
- Accessory Apartment
- Separate Entrance
- Partially Finished
- Central Air
- Bungalow
Financials
Annual Taxes
$12,678.53
Estimated Rental Income
Entire property$4,500 – $7,000/mo
Basement apartment$1,800 – $2,500/mo
Rental yield0.6% – 1.0%
*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.
52
/ 100
Walk Score
Somewhat Walkable
43
/ 100
Transit Score
Some Transit
54
/ 100
Bike Score
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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