$2,499,000 - 166 WELDRICK Road, Richmond Hill
Detached for Sale in Richmond Hill
New — Listed 5 days agoNeighbourhood: North Richvale
- MLS Number
- N13591396
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Richmond Hill
- Lot Size
- 21,711 sqft
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Buy this land together with next door 162 Weldrick Ave (or purchase separately) and secure an impressive combined frontage of over 200 ft x 323.6 ft-ideal for severing into 5-6 lots, selling individually, building luxury custom homes, or exploring a townhome development. rare assemblage creates an exceptional opportunity in a prime Richmond Hill pocket, only two minutes from Yonge Street. The existing beautifully renovated back-split offers strong immediate income while planning future redevelopment. Featuring an outdoor swimming pool and multiple self-contained units with private entrances, this property is perfectly designed for high rental returns. The main level includes 2 bedrooms, 1 bathroom, and an open-concept kitchen. The lower level offers a spacious 2-bedroom suite with walk-out to a private yard and pool, full kitchen, laundry, 3-piece bath, and a cozy fireplace-ideal for extended family or rental income. Exceptional Development, Investment & End-User Opportunity-perfect for builders seeking scale, investors planning redevelopment, or families wanting to live now and build their dream home later. Surrounded by top-ranked schools, parks, shopping, restaurants, G0 Transit, and major highways, this location offers unmatched convenience and long-term value. A truly unique chance to secure high-potential land in one of Richmond Hill's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$11,053.92/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover North Richvale
North Richvale 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 North Richvale
- •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
North Richvale 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.
166 WELDRICK Road, Richmond Hill
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2272/sqft, this property is priced above the Richmond Hill average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Richmond Hill's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Richmond Hill are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Richmond Hill. Good resale value as demand remains consistent.
About North Richvale
I know North Richvale well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Richmond Hill properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $10,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.