281 Elgin Mills Rd W, Richmond Hill

Name: 281 Elgin Mills Road W
SKU: N14119826
Price: 2199000 CAD
Availability: InStock

3 Bed, 3 Bath Detached Home in Richmond Hill

About 281 Elgin Mills Road West

Attention builders, developers & investors - don't miss this rare opportunity!A rare opportunity to acquire a substantial infill development site in the highly desirable Yonge Street and Elgin Mills corridor of Richmond Hill. Featuring an impressive 102 x 212 ft lot, this property offers significant redevelopment potential in a supply-constrained market. The proposed development envisions 10 to 11 spacious, freehold townhomes, each approximately2,000 sq. ft., featuring three-storey layouts, attached single-car garages, and private rooftop terraces. A site plan is available for review. The property may also offer potential for a purpose-built rental apartment development through the CMHC (Canadian Housing And Mortgage Corporation) purpose built rental Program! Ideally located just steps from Yonge Street, the property offers convenient access to public transit, shopping, schools, parks, Mill Pond, the hospital, and a wide range of everyday amenities. The existing homes may also provide rental income during the holding period, subject to their condition and applicable requirements. A Prime infill opportunity with multiple development possibilities. Whether you're a builder looking for your next townhouse project, a developer exploring purpose-built rental housing, oran investor seeking long-term value, this property deserves your immediate attention. Opportunities like this are rare - secure your position in one of Richmond Hill's desirable growth corridors. Contact me today to request the available site plan, discuss the development potential, and arrange a private property showing. Bring your vision, explore the possibilities, and take the next step toward your next successful project!

3 bedrooms, 3 bathrooms, about 700 sq ft, works out to roughly $3,141 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 281 Elgin Mills Rd W

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 700-1100 sq ftas stated on the listing
Parking: 11 spacesYes garage
Basement: Full

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 11

Interior

Basement: Full

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

281 Elgin Mills Rd W Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 27, 2026For saleListedThis listingMLS® N14119826$2,199,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 281 Elgin Mills Rd W 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

Well Above Market· based on 1,428 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Richmond Hill market, last 90 days

Median sold price: $1,129,000
Average sold price: $1,232,588
Average days on market: 34
Homes sold: 824

Closed sales on the TRREB MLS®.

Full Richmond Hill market report

Market pulse · Richmond Hill

Richmond Hill market

Median sold price$1,129,000Last 90 days
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio98.7%On average, homes sold below asking.
Active listings1,182Homes for sale here right now.
Median vs prior 90 days+3.1%Compared with Apr 30 – Jul 29, 2026: prices up.

Based on 824 sales from Jul 29 – Oct 27, 2026 (599 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Richmond Hill

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home281 Elgin Mills Road W 3 bd · 3 ba · 700 sqft	$2,199,000asking	$3,141	—	—
235 Rosemar Gardens 4 bd · 2 ba · 1,500 sqft
39 Oak Avenue 3 bd · 3 ba · 1,100 sqft
25 Highgrove Crescent 4 bd · 4 ba · 3,500 sqft
38 Shiner Drive 4 bd · 4 ba · 2,500 sqft
66 Bush Ridges Avenue 4 bd · 4 ba · 3,000 sqft
136 Rollinghill Road 4 bd · 3 ba · 2,000 sqft

235 Rosemar Gardens
4 bd · 2 ba · 1,500 sqft
39 Oak Avenue
3 bd · 3 ba · 1,100 sqft
25 Highgrove Crescent
4 bd · 4 ba · 3,500 sqft
38 Shiner Drive
4 bd · 4 ba · 2,500 sqft
66 Bush Ridges Avenue
4 bd · 4 ba · 3,000 sqft
136 Rollinghill Road
4 bd · 3 ba · 2,000 sqft

Living in Richmond Hill: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Richmond Hill GO StationRichmond Hill GO2.4 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Richmond Hill GO Station (Richmond Hill GO)2.4 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Richmond Hill GO Station
2.4 kmClosest· Richmond Hill GO
Homes near Richmond Hill GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 281 Elgin Mills Rd W. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 281 Elgin Mills Rd W

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $10,803; 20% down · 25 years · 5.5% assumed
Property tax: $1,209; 0.66% mill rate · ON
Total per month: $12,012; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$10,803

/mo

based on the purchase price of $2,199,000

Down payment20%

$439,800 cash

Amortization25 yr

$1,759,200 financed

Rate5.50%

$1,481,708 total interest

Principal54%$1,759,200

Interest46%$1,481,708

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

Want rate-drop alerts and a saved shortlist?

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.

Book a tour of 281 Elgin Mills Rd W with a licensed buyer's agent

Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.

Zara, any time

Zara · AI virtual agent

Ask about 281 Elgin Mills Rd W day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

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Questions About 281 Elgin Mills Rd W

How much is 281 Elgin Mills Rd W listed for?

281 Elgin Mills Rd W is listed at $2,199,000 (MLS® N14119826). Summitly updates the price as soon as the MLS® record changes.

Is $2,199,000 a good price for 281 Elgin Mills Rd W?

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 281 Elgin Mills Rd W changed?

No — 281 Elgin Mills Rd W is still listed at its original asking price of $2,199,000.

How many bedrooms and bathrooms does 281 Elgin Mills Rd W have?

281 Elgin Mills Rd W has 3 bedrooms and 3 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Richmond Hill.

Is 281 Elgin Mills Rd W close to transit?

The nearest rapid-transit station is Richmond Hill GO Station (Richmond Hill GO), about 2.4 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 281 Elgin Mills Rd W?

About $10,803 a month — principal and interest on $2,199,000 with 20% down ($439,800), 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 281 Elgin Mills Rd W compare with other homes in Richmond Hill?

Its asking price of $2,199,000 is about 95% above the median sold price in Richmond Hill over the last 90 days, $1,129,000, across 824 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 281 Elgin Mills Rd W been sold before?

Summitly has no earlier MLS® sale or lease of 281 Elgin Mills Rd W on record from the last two years. Older records aren't shown under TRREB rules.

Where is 281 Elgin Mills Rd W?

281 Elgin Mills Rd W is in Richmond Hill, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 281 Elgin Mills Rd W been on the market?

281 Elgin Mills Rd W was listed today (October 27, 2026).

What is the price per square foot of 281 Elgin Mills Rd W?

About $1,999 to $3,141 per square foot: the asking price of $2,199,000 over the 700–1,100 sq ft the listing gives as its size range.

Does 281 Elgin Mills Rd W have parking or a garage?

Yes — the listing gives 11 parking spaces. Garage: Yes.

281 Elgin Mills Rd W, Richmond Hill

What you should know

3 Bed, 3 Bath Detached Home in Richmond Hill

About 281 Elgin Mills Road West

Inside 281 Elgin Mills Rd W

Features & systems

281 Elgin Mills Rd W Price & Sale History

How 281 Elgin Mills Rd W Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 281 Elgin Mills Rd W

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Elgin Mills Road West? See what yours is worth

Zara, any time

A licensed local agent

See 281 Elgin Mills Rd W, Richmond Hill in person

Similar homes for sale nearby in Richmond Hill

Explore More Detached Homes in Richmond Hill

3 Bed, 3 Bath Detached Home in Richmond Hill

About 281 Elgin Mills Road West

Inside 281 Elgin Mills Rd W

Features & systems

281 Elgin Mills Rd W Price & Sale History

How 281 Elgin Mills Rd W Compares to the Richmond Hill Market

Richmond Hill market, last 90 days

Market pulse · Richmond Hill

Recently sold nearby in Richmond Hill

Living in Richmond Hill: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 281 Elgin Mills Rd W

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Elgin Mills Road West? See what yours is worth

Zara, any time

A licensed local agent

See 281 Elgin Mills Rd W, Richmond Hill in person

Questions About 281 Elgin Mills Rd W

How much is 281 Elgin Mills Rd W listed for?

Is $2,199,000 a good price for 281 Elgin Mills Rd W?

Has the price of 281 Elgin Mills Rd W changed?

How many bedrooms and bathrooms does 281 Elgin Mills Rd W have?

Is 281 Elgin Mills Rd W close to transit?

How much would the monthly mortgage be on 281 Elgin Mills Rd W?

How does 281 Elgin Mills Rd W compare with other homes in Richmond Hill?

Has 281 Elgin Mills Rd W been sold before?

Where is 281 Elgin Mills Rd W?

How long has 281 Elgin Mills Rd W been on the market?

What is the price per square foot of 281 Elgin Mills Rd W?

Does 281 Elgin Mills Rd W have parking or a garage?

Similar homes for sale nearby in Richmond Hill

Explore More Detached Homes in Richmond Hill

Market pulse · Richmond Hill

Transit nearby

Transit

Questions About 281 Elgin Mills Rd W

How much is 281 Elgin Mills Rd W listed for?

Is $2,199,000 a good price for 281 Elgin Mills Rd W?

Has the price of 281 Elgin Mills Rd W changed?

How many bedrooms and bathrooms does 281 Elgin Mills Rd W have?

Is 281 Elgin Mills Rd W close to transit?

How much would the monthly mortgage be on 281 Elgin Mills Rd W?

How does 281 Elgin Mills Rd W compare with other homes in Richmond Hill?

Has 281 Elgin Mills Rd W been sold before?

Where is 281 Elgin Mills Rd W?

How long has 281 Elgin Mills Rd W been on the market?

What is the price per square foot of 281 Elgin Mills Rd W?

Does 281 Elgin Mills Rd W have parking or a garage?