75 Spruce Avenue

75 Spruce Avenue, Richmond Hill, ON L4C 6V9
5 Days Back Posted
Sell

$1,848,000

Overview

Type:

Detached

Area:

2000-2500 sq ft (Living Area)

Beds:

4 Bedrooms

Baths:

3 Bathrooms

Furnished:

No

Parking:

Built-In

Opportunity knocks in one of Richmond Hill's most desirable and highly sought-after neighborhoods, SOUTH RICHVALE. Situated on a premium 10,882 sq. ft. (1/4 acre) south-facing lot, this property offers exceptional potential for investors, builders, and end-users alike. The existing home requires some TLC, but presents a solid opportunity to rent out and generate income in the short term while planning for future redevelopment. Whether you're looking to hold for 1-2years as the market evolves for secure a prime piece of land in a prestigious area, this property checks all the boxes. Surrounded by luxury homes and ongoing redevelopment, this is a rare chance to buy at today's pricing and position yourself ahead of the next market upswing. The lot size, location, and orientation provide an ideal canvas for a custom build when the timing is right. Motivated seller-bring your vision and take advantage of this strategic investment opportunity. Top 5 Reasons to Buy : Prestigious South Richvale LocationSituated in one of Richmond Hill's most affluent and sought-after communities, surrounded by luxury custom homes and strong long-term value.Premium 1/4 Acre South-Facing LotA rare 10,882 sq. ft. lot with ideal southern exposure-perfect for maximizing natural light and designing a high-end custom residence.Immediate Income PotentialThe existing home offers the option to rent and generate cash flow while you plan your future build or wait for optimal market conditions.Exceptional Redevelopment OpportunityA prime canvas for builders and end-users looking to create a custom dream home in a neighborhood where redevelopment is already well underway.Strategic Buy Ahead of Market UpswingPurchase at today's pricing, hold short-term, and position yourself to benefit from future appreciation in a consistently high-demand area.

Property Units

4 Bedrooms

1 Unit
  • $1,848,000 3 Baths 2000-2500 sq ft (Living Area) Apr 22nd 2026

Property Details

  • Property Type: Residential Freehold
  • Property Sub Type: Detached
  • Lease Terms: N/A
  • Parking Spots: 6
  • Short Term: No
  • Furnished: No
  • Year Built: N/A
  • # of Floors: N/A
  • # of units: 1
  • MLS: N13042658

Features

In-Law Capability
Private
None

Nearby Amenities

  • Schools
  • Bus Stations
  • Restaurants
  • Pharmacies
  • Gyms
  • Supermarkets
  • Hospitals
  • Parks
  • Cafes
  • Convenience Stores
  • Gas Stations
  • Laundromats
  • Bars
  • Banks

May lee

Sales Representative At Right At Home Realty

Request A Tour

Mortgage Calculator

Monthly Payment
Principal
Interest on Amortization Period
CMHC Insurance
PST on Mortgage Insurance
Total
Property Price
Interest Rate
%
Down Payment
Amortization

Mortgage Calculator Disclaimer:

Important Disclaimer

Our mortgage calculator provides approximate estimates based solely on the information you enter, designed for illustrative purposes to help you explore options. These results do not constitute personalized financial advice, and May Lee makes no representations or warranties regarding their accuracy or completeness.

Key Assumptions

Calculations presume timely payments, a fixed interest rate throughout the amortization period (though rates may fluctuate in reality), and no changes to your financial situation. Opting for accelerated weekly or bi-weekly payments effectively adds one extra monthly payment annually, potentially shortening your amortization—subject to lender terms and conditions.

Prepayment and Insurance Notes

Prepayment privileges differ by lender; please review your mortgage documents for specifics, especially if switching providers. This tool does not provide binding quotes. Mortgage insurance estimates are illustrative only, varying by age, number of borrowers, coverage type, and provincial taxes—eligibility criteria apply.

Your Next Steps

For tailored guidance and peace of mind, we encourage consulting a licensed mortgage professional or certified financial advisor to ensure decisions align with your unique needs and protect your financial security. Your trust matters to us.

Your Dream Home Awaits — Let’s Connect!

Welcome Back!

Sign in to access your wishlist, compare properties, and explore more about properties.

Create Your Free Account

Sign up to save favorite properties, compare options, and explore more details about properties.

Forgot Your Password?

No worries — reset it in just a few steps.