All photos · 18

South Richvale

99 Spruce Avenue, Richmond Hill, ON L4C 6V9

$1,700,000

Beds

3

Baths

1

Type

Freehold

About this home

Prime Redevelopment Opportunity in South Richvale, 99 Spruce Avenue, Richmond Hill, Ontario. An exceptional opportunity awaits in the prestigious and highly coveted enclave of **South Richvale**. This premium property features an impressive **45 ft x 241 ft lot**, offering an expansive and entirely **level topography** that provides the ultimate blank canvas for your architectural masterpiece. Whether you are an ambitious builder, a strategic investor, or looking to design your forever custom estate, properties with this remarkable depth are an absolute rarity. The street and the surrounding neighbourhood are lined with magnificent, custom-built multi-million-dollar estates, establishing a baseline of long-term asset value and unparalleled neighbourhood prestige. Currently, a charming, well-maintained small bungalow sits on the property and is occupied by tenants. This offers an excellent immediate revenue stream, allowing you to offset carrying costs with steady rental income while finalizing architectural designs, securing permits, and planning your build. The lifestyle convenience of this location is second to none. Situated just moments from the vibrant **Yonge Street** corridor, you will enjoy effortless access to premium shopping at Hillcrest Mall, fine dining, public transit, and major commuter routes. Families will appreciate proximity to top-ranked local schools and the Richvale Public Library. Surrounded by lush community parks, sports fields, and tranquil green spaces, this property perfectly balances a private, upscale retreat with city convenience. Bring your vision to life in Richmond Hill's most premier pocket!

Interior

  • · Accessory Apartment
  • · Carpet Free

Heating

  • · Forced Air

Cooling

  • · Window Unit(s)

Basement

  • · Crawl Space

Room by room

Kitchen

Main12'10" × 10'0"

Common Room

Main16'6" × 12'0"

Living Room

Main15'0" × 12'2"

Bedroom 2

Main10'6" × 11'0"

Bedroom 3

Main11'6" × 12'0"

Bedroom

Main7'10" × 10'3"

What it could cost monthly

Estimated monthly

$7,785

Principal & interest, per month


Mortgage amount
$1,360,000
Down payment
$340,000
Total interest paid
$975,475

Indicative only. Final terms depend on your lender, credit profile, and CMHC insurance if your down payment is under 20%.

A note from your agent

Alfred Martinelli

Broker

416-839-3599

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Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Room measurements deemed reliable but not guaranteed. Some values are sourced as metres and converted to feet for display.

Listing brokerage

COLDWELL BANKER THE REAL ESTATE CENTRE

Each office independently owned and operated.