Listed by Re/Max Elite Real Estate.

196 Elgin Mills Road W is a Detached, Bungalow and is currently for Sale @ $4,250,000. Taxes in 2025 were $15,910.00.

More homes for sale under 4.3M in Richmond Hill

This property is under Power of sale. The Bungalow on 196 Elgin Mills Road W has 0 bedrooms, 0 bathrooms, and is located on a 335.22 x 122.9 ft lot in the community of Westbrook . 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.

The address 196 Elgin Mills Road W was listed for sale (MLS# N13486498) on Tuesday, June 23, 2026.