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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in Richmond Hill
About 271 Old 16th Avenue
Attention Builders, Investors. Draft Plan of Subdivision and site plan Approved for Four Detached Units in one of the Best Neighborhoods in Richmond Hill. Start your Re-Sale Today! Building Permit is almost ready. Each lot is 37.6 x 110 and 3129sqf.
Richmond Hill land priced at $1 — book a tour to see if it fits your search.
Inside 271 Old 16th Ave
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
271 Old 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® N13781886$1
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 271 Old 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.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$0
/mo
based on the purchase price of $1
$0 cash
$1 financed
$1 total interest
Principal54%$1
Interest46%$1
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.
For homeowners nearby
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Zara · AI virtual agent
Ask about 271 Old 16th Ave day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio98.5%On average, homes sold below asking.
Active listings1,175Homes for sale here right now.
Median vs prior 90 days+3.2%Compared with May 13 – Aug 11, 2026: prices up.
Based on 789 sales from Aug 11 – Nov 9, 2026 (637 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
271 Old 16th Ave is listed at $1 (MLS® N13781886). Summitly updates the price as soon as the MLS® record changes.
Has the price of 271 Old 16th Ave changed?
No — 271 Old 16th Ave is still listed at its original asking price of $1.
How many bedrooms and bathrooms does 271 Old 16th Ave have?
The listing for 271 Old 16th Ave doesn't publish its bedroom and bathroom count. It is a lot in Richmond Hill.
Is 271 Old 16th Ave close to transit?
The nearest rapid-transit station is Langstaff GO Station (Richmond Hill GO), about 2.4 km in a straight line. Richmond Hill GO Station is about 2.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 271 Old 16th Ave?
About $0 a month — principal and interest on $1 with 20% down ($0), 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 271 Old 16th Ave compare with other homes in Richmond Hill?
Its asking price of $1 is about 100% below the median sold price in Richmond Hill over the last 90 days, $1,135,000, across 789 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 271 Old 16th Ave been sold before?
Summitly has no earlier MLS® sale or lease of 271 Old 16th Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 271 Old 16th Ave?
271 Old 16th Ave is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 271 Old 16th Ave been on the market?
60 days — 271 Old 16th Ave was listed on September 10, 2026.
What is the lot size of 271 Old 16th Ave?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 271 Old 16th Ave?
About $0 in Ontario land transfer tax at the asking price of $1. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 271 Old 16th Ave or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.