116 Weldrick Road W in Richmond Hill: North Richvale House for sale : MLS®# N11980487
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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.
Data was last updated April 4, 2026 at 04:15 AM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$2,045,000
Min list price:
$874,900
Max list price:
$7,888,800
Avg days on market:
35
Min days on market:
3
Max days on market:
548
These statistics are generated based on the current listing's property type
and located in
North Richvale. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
Looking for Richmond Hill houses for sale? This York Region city north of Toronto is one of the GTA’s most desirable communities, known for its excellent schools, beautiful parks, and high-quality lifestyle. From modern family homes to elegant luxury estates, Richmond Hill offers a wide variety of properties designed to fit every need and budget.
Why Buy a House in Richmond Hill?
• Safe, family-friendly neighbourhoods with excellent schools • Convenient access to Highways 404, 407, and GO Transit • A thriving shopping, dining, and entertainment scene • Green parks, trails, and community centres across the city • Consistent property value growth and strong investment potential
Popular Neighbourhoods for Richmond Hill Houses
• Bayview Hill – Prestigious area with luxury homes and large lots • Jefferson – Family-oriented neighbourhood with newer developments • Oak Ridges – Surrounded by nature and near Bond Lake Trail • Mill Pond – Charming community with trails and heritage homes • Langstaff – Ideal for commuters, close to GO Transit and major highways
Neighbourhood Highlights in Richmond Hill
Richmond Hill offers a perfect balance of suburban peace and urban amenities. The city is home to Hillcrest Mall, the Richmond Hill Centre for the Performing Arts, and a wide range of restaurants and cafes. Outdoor lovers enjoy Mill Pond Park, Richmond Green Sports Centre, and conservation areas that make weekend adventures easy.
What to Expect in Richmond Hill Houses
Homes in Richmond Hill often feature:
• 3-5 bedrooms with open-concept, family-friendly layouts • Upgraded kitchens, finished basements, and attached garages • Large lots with landscaped gardens and outdoor patios • Smart home features and energy-efficient systems • Options from starter homes to luxury detached estates
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FAQs – Richmond Hill Houses for Sale
1. What is the average price of houses in Richmond Hill? Prices typically start around $1.2M for smaller homes and can exceed $3M for luxury properties.
2. Are there new developments in Richmond Hill? Yes, many new and pre-construction communities are available in areas like Jefferson and Oak Ridges.
3. Is Richmond Hill good for families? Absolutely. The city has top-rated schools, safe neighbourhoods, and numerous family-friendly amenities.
4. How easy is commuting from Richmond Hill to Toronto? With GO Transit, Viva Rapid Transit, and quick highway access, commuting is efficient and convenient.