Pre-Construction, Stacked, 2-Storey Condo Townhouse in Richmond Hill!! Available

  • $625,000
  • 2 beds
  • 2 baths

This 2-storey condo townhouse is currently being rebuilt after a fire in 2020 and is scheduled to be ready between September 2021 and March 2022. The condo complex has 112 stacked townhouse units. 18 units were damaged in a fire, including this one. The insurance is fully rebuilding these 18 units from the ground up and they will be brand new unit once completed.

This will be a 2 bed + den, 2 bath condo townhouse with underground parking. Located in the high demand downtown area of Richmond Hill, this is not a property to pass up. Featuring a large rooftop patio and just a short walk to the GO station, Yonge street, parks and all amenities – it doesn’t get more central and convenient than this. The average detached condo townhouse price in Richmond Hill is $1.1M and at $625,000 you can’t pass up the opportunity to invest in a turnkey property with tons of potential that’s well below market value in a growing market!!

We are selling our assignable purchase contract.

Closing is March 17th, 2021
PROPERTY FEATURES

This property will be rebuilt to match the original property but with brand new finishes. Construction is scheduled to start in March 2021 and finish between September 2021 and March 2022.

  • 2 bedrooms + den
  • 2 bathrooms
  • Above grade: 1050 sq ft (as per MPAC & previous property)
    • First floor: 525 sq ft
    • Second floor: 525 sq ft
  • Includes a large rooftop terrace
  • Condo fees: currently reduced to $311/month while waiting for rebuild (originally between $360-395/month)
    •  Included: parking, water, and exterior maintenance of property and interior streets
  • Property tax reduced by approximately half until rebuild is completed
  • 1-car, built-in garage
  • Located in Richmond Hill’s downtown district
  • A quick walk to Yonge Street
  • Located within walking distance of Richmond Hill GO station
  • Close to multiple public transportation options
  • Amazing shopping, delicious restaurants, and many entertainment options nearby
  • Close to schools
  • Near beautiful parks including Richmond Hill, Mount Pleasant Park, Mill Pond Park, and Pioneer Park
  • Zoning: RM7 (as per MPAC)

PROPERTY NEEDS

  • Nothing!

 

Please click HERE for more information.
Price:
$625,000
Address:
Yonge St & Weldrick Rd E
Richmond Hill, ON
Bedrooms:
2
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Townhouse

Call (647) 400-2093 for more details

Property Location