RARE DEVELOPMENT Opportunity on an approximately 100'x 300'lot (Aprox area 30,000 Sq ft) with Split R1/R6 Zoning. Property ideal for builders, developers, and land investors seeking future redevelopment or severance potential. Existing dwelling is being sold in "as is, where is" condition. Buyer to verify all zoning, permitted uses, lot creation, redevelopment potential, servicing capacity, and municipal approvals independently. Survey, zoning information, and other due diligence materials to be provided if available. Note similar properties on both sides Developed the existing town home complexes. Relevant Development documents and correspondence with the town and TRCA etc. on file. Survey on file (2018. A rare opportunity to acquire a premium-sized parcel in one of Richmond Hill's most desirable and evolving neighbourhoods. Please Do not enter the property without a confirmed showing.
3 bedrooms, about 1,100 sq ft, works out to roughly $3,716 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 225 16th Ave
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow-Raised
Living space
1100-1500 sq ftas stated on the listing
Parking
8 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow-Raised
Property class
Detached
225 16th Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® N13587948$4,088,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 225 16th Ave Compares to the Richmond Hill Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$20,083
/mo
based on the purchase price of $4,088,000
$817,600 cash
$3,270,400 financed
$2,754,535 total interest
Principal54%$3,270,400
Interest46%$2,754,535
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Richmond Hill
Other 3–5 bed homes for sale in Richmond Hill around $4.1M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.9%On average, homes sold below asking.
Active listings1,180Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 838 sales from Jul 15 – Oct 13, 2026 (571 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
225 16th Ave is listed at $4,088,000 (MLS® N13587948). Summitly updates the price as soon as the MLS® record changes.
Is $4,088,000 a good price for 225 16th Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Richmond Hill. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 225 16th Ave changed?
No — 225 16th Ave is still listed at its original asking price of $4,088,000.
How many bedrooms and bathrooms does 225 16th Ave have?
225 16th Ave has 3 bedrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Richmond Hill.
Is 225 16th Ave close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 1.8 km (about a 22-minute walk) in a straight line. Richmond Hill GO Station is about 2.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 225 16th Ave?
About $20,083 a month — principal and interest on $4,088,000 with 20% down ($817,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 225 16th Ave compare with other homes in Richmond Hill?
Its asking price of $4,088,000 is about 260% above the median sold price in Richmond Hill over the last 90 days, $1,135,500, across 838 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 225 16th Ave been sold before?
Summitly has no earlier MLS® sale or lease of 225 16th Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 225 16th Ave?
225 16th Ave is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 225 16th Ave been on the market?
84 days — 225 16th Ave was listed on July 21, 2026.
What is the price per square foot of 225 16th Ave?
About $2,725 to $3,716 per square foot: the asking price of $4,088,000 over the 1,100–1,500 sq ft the listing gives as its size range.
