281 Elgin Mills Road W, Richmond Hill, ON L4C 4M1
Mill Pond, Richmond Hill · Near REGENT ST AND ELGIN MILLS RD WEST · View map
About this home
ATTENTION BUILDERS, DEVELOPERS & INVESTORS - DON'T MISS THIS RARE OPPORTUNITY!A rare opportunity to acquire a substantial infill development site in the highly desirable Yonge Street and Elgin Mills corridor of Richmond Hill. Featuring an impressive 102 x 212 ft lot, this property offers significant redevelopment potential in a supply-constrained market. The proposed development envisions 10 to 11 spacious, freehold townhomes, each approximately2,000 sq. ft., featuring three-storey layouts, attached single-car garages, and private rooftop terraces. A site plan is available for review. The property may also offer potential for a purpose-built rental apartment development through the CMHC (Canadian Housing And Mortgage Corporation) purpose built rental Program! Ideally located just steps from Yonge Street, the property offers convenient access to public transit, shopping, schools, parks, Mill Pond, the hospital, and a wide range of everyday amenities. The existing homes may also provide rental income during the holding period, subject to their condition and applicable requirements. A PRIME INFILL OPPORTUNITY WITH MULTIPLE DEVELOPMENT POSSIBILITIES. Whether you're a builder looking for your next townhouse project, a developer exploring purpose-built rental housing, oran investor seeking long-term value, this property deserves your immediate attention. Opportunities like this are rare - secure your position in one of Richmond Hill's desirable growth corridors. Contact me today to request the available site plan, discuss the development potential, and arrange a private property showing. Bring your vision, explore the possibilities, and take the next step toward your next successful project!
The home
- Type
- Detached bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Bathrooms
- 3
- Kitchens
- 1
- Rooms
- 7
- Basement
- Full
- Lot size
- 102.7 x 212.2 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage spaces
- 1
- Driveway spaces
- 10
- Total parking
- 11
Taxes & other
- Property taxes
- $8,019/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- TDB
- Cross street
- REGENT ST AND ELGIN MILLS RD WEST
- Neighbourhood
- Mill Pond
More
- Price per sq ft
- ~$2,443 (at 900 sq ft)
- MLS® number
- N14119826
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The home and its surroundings
- Greenbelt/Conservation
- Hospital
- Library
- Ravine
- School Bus Route
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
281 Elgin Mills Road, Richmond Hill, ON L4C 4M1
Mill Pond, Richmond Hill · Near REGENT ST AND ELGIN MILLS RD WEST
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Listing history for 281 Elgin Mills Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 281 Elgin Mills Road W
Answers come straight from this home’s MLS® listing.
How much is 281 Elgin Mills Road W listed for, and what would it cost each month?
281 Elgin Mills Road W is listed for $2,199,000. With 20% down ($439,800), the mortgage payment would be roughly $8,870 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $9,538 a month, all in. That figure is an illustration, not a quote.
Is 281 Elgin Mills Road W freehold or a condo, and is there a monthly fee?
281 Elgin Mills Road W is a detached bungalow in Mill Pond, Richmond Hill. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 281 Elgin Mills Road W have?
281 Elgin Mills Road W has 3 bedrooms and 3 bathrooms.
Does 281 Elgin Mills Road W have a garage and parking?
The listing does not show a garage. The driveway adds 10 spaces. In total the listing counts 11 parking spaces.
Does 281 Elgin Mills Road W have a finished basement?
The listing describes the basement as full.
What style of home is 281 Elgin Mills Road W?
281 Elgin Mills Road W is a detached bungalow. A detached bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 281 Elgin Mills Road W, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 102.7 x 212.2 ft.
How is 281 Elgin Mills Road W heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 281 Elgin Mills Road W?
Property taxes are $8,019 a year (2025), or about $668 a month.
Where is 281 Elgin Mills Road W?
281 Elgin Mills Road W is in the Mill Pond community of Richmond Hill. The nearest main intersection is REGENT ST AND ELGIN MILLS RD WEST. The postal code is L4C 4M1.
Is 281 Elgin Mills Road W still for sale?
Yes. It is an active listing (MLS® N14119826). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 281 Elgin Mills Road W asking?
Similar detached homes for sale nearby right now include 416 Elgin Mills Road W at $1,900,000 (5+1 bed), 109 Highland Lane at $2,299,000 (4 bed) and 42 Oak Avenue at $2,109,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 281 Elgin Mills Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 281 Elgin Mills Road W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Mill Pond, picked by style, size and price.
Detached bungalow$1,900,000416 Elgin Mills Road W, Richmond Hill5+1 bed · 5 bath · WestbrookCourtesy of: RE/MAX METROPOLIS REALTYView home →
Detached bungalow$2,299,000109 Highland Lane, Richmond Hill4 bed · 4 bath · Mill PondCourtesy of: ICI SOURCE REAL ASSET SERVICES INC.View home →
Detached bungalow$2,109,00042 Oak Avenue, Richmond Hill3 bed · 2 bath · South RichvaleCourtesy of: INTERCITY REALTY INC.View home →Courtesy of: RE/MAX REALTRON REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.