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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 11 days

    196 Elgin Mills Road W

    Westbrook·Richmond Hill, ON·L4C 4M2·Near Yonge/Elgin Mills

    • 1100-1500 sqft
    Richmond Hill real estate›N13486498
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    This property is under Power of sale. 0.95 acre of land together with an existing detached residence of approximately 3,000 sq.ft. with a double-car garage - 41 Cooperage Cres (61.51 x164.49), providing potential rental income or interim use while pursuing future development plans. Previous development concepts contemplated approximately 14 townhouse units and 2 detached dwellings (buyer to conduct their own due diligence and verify all development potential with the municipality). An exceptional opportunity for developers, investors, land bankers and builders. Generate holding income from the existing residence while advancing planning applications, site plan approvals, redevelopment proposals, or potential future land assembly opportunities. Properties of this size and location rarely become available, and even more rarely under Power of Sale. Whether your strategy is redevelopment, investment, land banking, or assembly, this property offers significant upside potential in a highly desirable Richmond Hill location. Sold on an "As Is, Where Is" basis. Buyer to conduct their own due diligence regarding zoning, planning, development potential, permitted uses, and all other matters. However, Historical planning, engineering, and development-related materials may be available for review.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 25, 2026Previously listedNew$4,250,000 —N13486488View
    Jun 23, 2026ListedCurrentFor sale$4,250,000 —N13486498This page
    Jun 22, 2026Previously listedTer$3,999,000 —N13474678View
    Jun 22, 2026Previously listedTer$3,999,000 —N13474770View
    Apr 23, 2026Previously listedNew$1 —N13035332View
    Mar 3, 2026Previously listedNew$2,900,000 —N12839098View
    Nov 17, 2025Previously listedTer$4,500,000 —N12552200View
    Apr 22, 2025Previously listedTer$5,450,000 —N12095116View
    Nov 19, 2024Previously listedTer$1 —N10430461View
    Aug 19, 2024Previously listedTer$7,000,000 —N9262879View
    Aug 19, 2024Previously listedTer$7,000,000 —N9262959View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Other
      Air conditioning
      Other
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 196 Elgin Mills Road W
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $20,879
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $1,326
    0.37% mill rate · ON
    The market

    How this home sits in the Richmond Hill market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Richmond Hill market right now

    Average sold price, days on market, and closed-transaction count for Richmond Hill — sourced from MLS®.

    • Avg sold price
      $1,206,840
      Last 30 days
    • Median sold price
      $1,098,000
      Middle of the market
    • Days on market
      30 d
      Avg from list to close
    • Closed last 30d
      621
      MLS® transactions
    Full Richmond Hill market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 196 Elgin Mills Road W — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 196 Elgin Mills Road W and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 196 Elgin Mills Road W listed for?

      196 Elgin Mills Road W is listed at $4,250,000 on the MLS® (listing N13486498). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 196 Elgin Mills Road W have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. Detached
  2. Asking
    $4,250,000
    $0 / sqft · MLS® N13486498
    Chat Zara
    Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,206,840
    $1,110,293Confidence range$1,303,387
    Asking vs estimate
    ↑↑well-above
    +$3,043,160
    (+252.2%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Richmond Hill sell in about 30 days — this one has been listed 11 days.

    Avg sold price
    $1,206,840
    Median sold
    $1,098,000
    Avg days on market
    30
    Recently sold
    621
    See comparable sales
    • An exceptional opportunity for developers, investors, land bankers and builders.
    • Properties of this size and location rarely become available, and even more rarely under Power of Sale.
    • Sold on an "As Is, Where Is" basis.
    • However, Historical planning, engineering, and development-related materials may be available for review.
    Ask Zara a follow-up
    Sewer
  3. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    1
    Parking spaces
    5
    Driveway
    Private
  4. Interior

    2
    Basement
    None
    Family room
    N
  5. Exterior & construction

    4
    Exterior
    Brick
    Roof
    Unknown
    Foundation
    Unknown
    Pool
    None
  6. Lot & land

    1
    Zoning
    Residential
  7. Listing & possession

    4
    Possession
    2026-06-30T00:00:00.000-00:00
    Occupancy
    TBA
    Property style
    Bungalow
    Property class
    Detached
  8. Combined estimate
    $22,205
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $20,879
    /mo
    based on the purchase price of $4,250,000
    $850,000 cash
    $3,400,000 financed
    $2,863,692 total interest
    Monthly payment$20,879/ month
    Principal54%$3,400,000
    Interest46%$2,863,692

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Richmond Hill

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 48 Cartier Crescent
      Sold
      Sign in for price
      48 Cartier Crescent
      Detached
    • 39 Raintree Crescent
      Sold
      Sign in for price
      39 Raintree Crescent
      Detached
    • 193 Milky Way
      Sold
      Sign in for price
      193 Milky Way
      Detached
    • 317 Atha Avenue
      Sold
      Sign in for price
      317 Atha Avenue
      Detached
    • 22 Ava Crescent
      Sold
      Sign in for price
      22 Ava Crescent
      Detached
    • 62 Mccallum Drive
      Sold
      Sign in for price
      62 Mccallum Drive
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    196 Elgin Mills Road WThis home0 / 011,001,500$4,250,000ask———
    48 Cartier Crescent2 / 1700—
    39 Raintree Crescent3 / 52,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Richmond Hill

    Active listings within ±20% of this asking price.

    • 80 White Pine Trail
      $4,299,000
      80 White Pine Trail
      Detached 7 4
    • 80 White Pine Trail
      $4,299,000
      80 White Pine Trail
      Detached 7 4
    • 160 Lawrence Avenue
      $3,498,000
      160 Lawrence Avenue
      Detached 4 5
    • 73 Starlight Crescent
      $3,999,888
      73 Starlight Crescent
      Detached 4 7
    • 20 Ormsby Court
      $3,680,000
      20 Ormsby Court
      Detached 5 5
    • 102 Oxford Street
      $3,999,000
      102 Oxford Street
      Detached 4 6
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  9. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  10. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  11. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  12. Public listing courtesy of RE/MAX ELITE REAL ESTATE · displayed on Summitly per MLS® data-share rules

    196 Elgin Mills Road W is a 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  13. When was 196 Elgin Mills Road W built?

    The year built for 196 Elgin Mills Road W isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  14. What is the property tax for 196 Elgin Mills Road W?

    The 'Property tax' tab in the History section shows the most recent annual tax for 196 Elgin Mills Road W plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  15. How much would the monthly mortgage be on 196 Elgin Mills Road W?

    The affordability calculator on this page shows an estimated monthly mortgage for $4,250,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  16. Has 196 Elgin Mills Road W been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 196 Elgin Mills Road W with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  17. What neighbourhood is 196 Elgin Mills Road W in?

    196 Elgin Mills Road W is in Westbrook, Richmond Hill. The 'Neighbourhood' section below links to the live Richmond Hill real estate hub with average sold price, days on market, and current inventory.

  18. Is Richmond Hill a good place to live?

    Richmond Hill is one of ON's actively-tracked Summitly markets. The full Richmond Hill real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  19. 193 Milky Way
    4 / 5
    2,500
    —
    317 Atha Avenue4 / 42,000—
    22 Ava Crescent5 / 65,000—
    62 Mccallum Drive3 / 41,500—