Selling

116 Weldrick Road, Richmond Hill, ON L4C 3V1

$3,950,000

  • Jun 17, 2025
  • Richmond Hill, Ontario

Description
A prime development and investment opportunity in the heart of Richmond Hill, just two minutes from Yonge Street. This high-potential redevelopment site must be purchased with 114 Weldrick Ave(there is option to be purchased separately as well), offering possibilities for town home development or severance into 3-4 lots. Great potential of generating rental income permonth.this property provides a strong turnkey investment while planning for future development.Fully renovated two-story back-split is thoughtfully designed with multiple units, each featuring modern finishes & private entrances. The main level offers three bedrooms and three bathrooms, including a primary suite with double walk-in closet and 3-piece ensuite. The updated kitchen boasts quartz countertops, stainless steel appliances, and an open-concep tlayout, seamlessly connecting to the bright living and dining areas, complete with pot lights throughout. The back-split unit features a walkout to a private backyard, a spacious living room with a fireplace, a full kitchen with laundry, and two bedrooms with a five-piece bathroom. The finished basement further enhances the property's value with three separate in-law suites, including one in lower level and two in the basement, each with its own private entrance to the outside. The first suite includes one bedroom, a three-piece bathroom, a wet bar, a full kitchen, and a living area with pot lights throughout. The second suite features two bedrooms, a three-piece bathroom, a full kitchen, and a spacious living area, providing ideal space for extended family or tenants. Situated in a high-demand neighborhood, just minutes from public transit, major highways, shopping, restaurants, and top-rated schools, thisproperty presents incredible potential for investors, builders, and developers.Whether you're looking to Live, Redevelop, Potential to Generate income, or hold for future appreciation, this is an unmatched opportunity in a rapidly growing community.
Overview
MLS ID: N11980487
Type: Detached
Bedrooms: 8
Bathrooms: 6
Square: 2,750 m²
Price: $3,950,000
PropertyType: Residential Freehold
TransactionType: For Sale
BuildingAreaUnits: Square Feet
Cooling: Central Air
Heating: Forced Air
ParkingFeatures: Built-In
YearBuilt: Unknown
TaxAnnualAmount: 8750
PossessionDetails: IMMEDIATE/TBA

🏠 Room Details
# Room Type Level Length (m) Width (m) Feature 1 Feature 2 Feature 3
1 Living Room Main 8.12 3.96 Combined w/Dining Large Window Pot Lights
2 Dining Room Main 8.12 3.96 Combined w/Living Pot Lights Window
3 Kitchen Main 6.2 3.59 Eat-in Kitchen Pot Lights W/O To Deck
4 Breakfast Main 6.2 3.59 Combined w/Kitchen Pot Lights Laminate
5 Primary Bedroom Upper 4.92 3.74 4 Pc Ensuite Walk-In Closet(s) Pot Lights
6 Bedroom 2 Upper 4.45 3.75 Pot Lights Window Closet
7 Bedroom 3 Upper 3.31 3.08 Pot Lights Window Closet
8 Living Room Lower 3.57 3.05 Combined w/Dining Pot Lights Fireplace
9 Dining Room Lower 3.57 3.13 Combined w/Kitchen Pot Lights Open Concept
10 Kitchen Lower 3.57 3.13 Stainless Steel Appl W/O To Yard Pot Lights
11 Bedroom Lower 3.92 3.24 Closet Pot Lights Large Window
12 Bedroom Lower 3.25 3.19 Pot Lights Laminate
Map
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