225 Carrville Road
225 Carrville Road
$8,800,000
8 days on market
About This Listing
Rare development opportunity in the heart of Richmond Hill. 225 Carrville Road boastsapproximately 90 feet of frontage on Carrville Road and is subject to an advanced developmentapplication. Extensive planning, traffic, engineering and supporting technical work has alreadybeen completed in connection with the approval process. The sale will be conditional upon theSeller obtaining site plan approval. The existing detached dwelling provides valuable underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill's most active redevelopment corridors.
| Monthly Mortgage (P&I) | $38,341 |
| Property Tax (MLS) | $1,057 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $39,397 |
Down payment: $1,760,000 (20.0%) · Mortgage: $7,040,000
Property tax uses MLS annual tax of $12,679/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by FOREST HILL REAL ESTATE INC.
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Data last updated: August 22, 2026 at 06:25 p.m.