$ 1,900,000

416 Elgin Mills Road W, Richmond Hill

Rare opportunity to own a custom-built bungaloft offering exceptional flexibility in one of Richmond Hill's most desirable locations. Originally built as the builder's own residence, this unique property was thoughtfully designed with spacious principal rooms, multiple entrances, wheelchair accessibility, and 9-foot ceilings on the main floor. Located within a Neighbourhood Mixed Use (NMU) designated area, this versatile property presents a variety of possibilities for homeowners, professionals, entrepreneurs, and multi-generational families seeking a unique live/work-inspired environment. The functional layout offers dedicated spaces that can be adapted for a home office, professional workspace, or additional living needs, while maintaining the comfort and privacy of a residential setting. The bright loft retreat provides additional flexibility, and the expansive driveway accommodates up to 8 vehicles. Situated on a generous 75 x 131 ft lot in a prime Richmond Hill neighbourhood, with convenient access to transit, schools, parks, shopping, and major commuter routes. A rare opportunity to reimagine, renovate, and unlock the potential of a truly distinctive property in a highly sought-after location. The property is designated within a Neighbourhood Mixed Use (NMU) area under the City of Richmond Hill's updated planning framework. This designation may provide opportunities for a broader range of uses compared to traditional residential zoning. Buyers and their representatives are advised to conduct their own due diligence and confirm permitted uses, requirements, and approvals directly with the City of Richmond Hill. (id:1945)
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Property details for 416 Elgin Mills Road W, Richmond Hill

Type
Commercial
Bedrooms
6
Bathrooms
1
Living Area
3,167 square feet
Lot Size
Bldg=75 x 131 FT
Parking
Other
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Annual Taxes
$8,507

Nearby Listings Stat

Estimated price and comparable properties near 416 Elgin Mills Road W

Active Listings
1
Min Price
$1,900,000
Max Price
$1,900,000
Avg Price
$1,900,000
Days on Market
45
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Richmond Hill, Ontario

Population
475
Median Age
46.2
Median Income
$28,693
Dwelling Value
$1,001,540

Housing Tenure

Owners 93%
Renters 10%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 3.5
Pop. Density: 4,472.7/km²
Avg Shelter Cost: $1,735/mo
Owners with Mortgage: 44.4%
Owners Spending 30%+: 18.5%
Tenants Spending 30%+: 0%
English only: 85.3%
English and French: 8.4%
Neither: 5.3%
Median Household Income: $109,312
Median Employment Income: $30,656

Price History

Listed
August 13, 2026
by RE/MAX METROPOLIS REALTY
Current Price
$1,900,000
Type
Commercial
For Sale
416 Elgin Mills Road W

Contact Agent Get in touch about 416 Elgin Mills Road W, Richmond Hill

LILIAN HANNA
LILIAN HANNA
RE/MAX METROPOLIS REALTY