285 Richmond Street, Richmond Hill, ON L4C 3Z2
$2,998,000
$2,998,000

285 Richmond Street

Mill Pond, Richmond Hill, York $2,998,000

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In/Out Garage
Parking for 10
Zoning: R2, 6 Self-contained apartments
MLS®#:
N12981650
Property Type:
Investment
Property Style:
Area:
York
Community:
Mill Pond
Taxes:
$14,121.12 / 2025
Added:
April 10 2026
Lot Frontage:
78
Lot Depth:
138
Status:
Active
Outside:
Year Built:
51-99
Brokerage:
RIGHT AT HOME REALTY
Lot :

138

78

Intersection:
Yonge St/ Major Mackenzie Dr W
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
Partial
Heating Type:
Gas Hot Water
Heating Fuel:

Listing Details

Excellent Invest Opportunity!!! Heart of Richmond Hill!!! Well-maintain 6 Self-Contained Apartments in Mill Pond Area; 6 of 2-bedroom Apartments + 5 Carports and Surface Parkings; Newly Renovated 2 units of 2 Br; Spacious Approx 1000 Sqft Each Apartment of 2 Beds; Double Exit Doors of Front and Back of Every Unit. Fully Rented; Close to Hospital, School, Transit

6 Stoves, 6 Fridges, 1 Coin Operated Washer And 1 Coin Operated Dryer, Gas Burner And Equipment, Hot Water Tank Owned, 7 Window Air Conditioner Units.

Insights

  1. Prime Location: Situated in the heart of Richmond Hill's Mill Pond area, this property offers easy access to essential amenities such as hospitals, schools, and public transit, making it attractive for tenants and enhancing rental demand.
  2. Strong Investment Potential: With 6 self-contained 2-bedroom apartments fully rented and generating income, this property presents a solid investment opportunity for buyers looking for immediate cash flow.
  3. Recent Renovations: Two of the apartments have been newly renovated, adding modern appeal and potentially increasing rental rates, while the spacious layout of approximately 1000 sqft per unit enhances tenant satisfaction.

Neighborhood Overview

Complete neighborhood profile for 285 Richmond Street

Mill Pond home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Mill Pond
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)