$1/mo - 0 Tower Court, Richmond Hill
Land for Rent in Richmond Hill
Neighbourhood: Oak Ridges
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- MLS Number
- N13756018
- Property Type
- Land
- Status
- active
- Days on Site
- 29
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 5 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 5 sqft
- Taxes (2025)
- $65,439
- Listing Brokerage
- RE/MAX HALLMARK CHAY REALTY
A rare estate development opportunity in the prestigious Oak Ridges area of Richmond Hill. This offering consists of 12 lots totaling 5.39 acres. Seller advises that Regional levies have been paid, and each lot is fully serviced with water, hydro, sewer, telephone/cable, and street lighting available. Purchasers shall be responsible for applicable municipal levies, building permit fees, and all costs associated with obtaining permits and constructing a residence. The lots range in size, with one exceeding a full acre and two exceeding half an acre, nestled among luxury estate homes in one of the area's most established and sought-after neighbourhoods. An excellent opportunity for developers and custom home builders looking to build in a premium, high-demand location. Conveniently located near Yonge Street and Bloomington Road, with easy access to Highways 404 and 400. Close to Cardinal Carter Catholic High School's IB Program, Lake Wilcox, Bond Lake, parks, trails, shopping, and major amenities. A rare opportunity to build in an established and highly sought-after neighbourhood. Lots are available individually or as a package.
Discover Oak Ridges
Oak Ridges is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Oak Ridges
- •Convenient location in Richmond Hill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Oak Ridges offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
0 Tower Court, Richmond Hill
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Richmond Hill planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Land Market Timeline
Vacant land typically takes longer to sell than residential homes — 60 to 180+ days is common. Commercial and development-oriented buyers need time to conduct feasibility studies, consult planners, and arrange specialized financing. Don't read anything into the days-on-market figure without comparing to similar parcels in Richmond Hill.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Richmond Hill's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.