615 North Lake Rd
Oak Ridges Lake Wilcox, Richmond Hill, L4E 3C5
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Property Description
Attn: Investors & Builders. Great Opportunity To Invest And Secure A Big Piece Of Land Backing Onto Lake Wilcox.Potential For Up To 6 Lots(3 Lots Backing Onto Lake Wilcox(56 X150F) And 3 Lots Fronting On North Lake Rd(50X150F)) Or Potential For Town & Semi-Detached Homes On North Lake Rd. 5 Structures On The Lot, 4 Of Structures Fully Serviced And One Of The Structures Has Service On The Lot Line .Buyers Must Do Their Own Due Diligence.
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Extras
There Are No Representation Or Warranties. Selling As Is Where Is Condition.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
150' x 325'
Fronting
South
Taxes
$14,000 (2016)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
15
Driveway
Private
Garage Type
None
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Richmond Hill Market Statistics
Richmond Hill Price Trend
615 North Lake Rd is a 2-bedroom 2-bathroom home listed for sale at $12,000,000, which is $10,595,000 (754.1%) higher than the average sold price of $1,405,000 in the last 30 days (March 25 - April 23). During the last 30 days the average sold price for a 2 bedroom home in Richmond Hill declined by $94,000 (6.3%) compared to the previous 30 day period (February 24 - March 24) and up $74,200 (5.6%) from the same time one year ago.Inventory Change
There were 4 2-bedroom homes listed in Richmond Hill over the last 30 days (March 25 - April 23), which is down 33.3% compared with the previous 30 day period (February 24 - March 24) and down 63.6% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Richmond Hill typically sold ($84,000) (6.0%) below asking price over the last 30 days (March 25 - April 23), which represents a $9,500 decrease compared to the previous 30 day period (February 24 - March 24) and $75,082 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Richmond Hill over the last 30 days (March 25 - April 23) stood at 25.0%, down from 33.3% over the previous 30 days (February 24 - March 24) and down from 45.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Richmond Hill stood at 77 days when successfully sold over the last 30 days (March 25 - April 23), compared to 118 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc., Brokerage
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