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Listed 20 days ago

11631 Leslie Street

Rural Richmond Hill, Richmond Hill

$1,690,000

Detached|Bungalow
2 | 1 | 5
About this home

Client Remarks*Prime Land Opportunity !An exceptional opportunity to secure a premium parcel of land in one of Richmond Hill's most rapidly transforming and highly sought-after corridors. Strategically positioned at Leslie Street & 19th Avenue, this expansive ~25,000 sq.ft. lot presents outstanding potential for redevelopment, investment, or the construction of a custom luxury estate. *Surrounded by a wave of **multi-million dollar custom homes** and **newly built townhome communities directly across the street**, this location is undergoing significant urban evolution-making it an ideal acquisition for forward-thinking investors and end-users alike. *The property offers exceptional **future upside**, with strong land appreciation driven by ongoing residential intensification along the Leslie corridor. Whether envisioning a **bespoke luxury residence** , the value here lies firmly in the land and its long-term growth trajectory. *Adding to its development appeal, **municipal water and gas services are available at the street**, providing a clear pathway for future connection and modernization of infrastructure-an important advantage for builders and developers seeking efficiency and cost predictability.* Nestled within a prestigious and evolving enclave, this property offers:* Proximity to top-ranked schools, parks, and amenities* Easy access to major transit routes and Highway 404* A balance of estate-style living with urban convenience* Strong demand from luxury home buyers and developers.*This is a rare chance to acquire a **high-potential land holding in Richmond Hill**, where supply is limited and redevelopment opportunities are increasingly scarce.**Invest, build, or land bank-11631 Leslie Street represents location, scale, and future value in one compelling offering.*the City's Accessory Residential Unit (ARU) By-law 143-24, , does permits one ARU within a single detached dwelling in the ORMCO zone.*

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$7,603
Lot Size100 ft x 250 ft
mls© NumberN13569330
Listed ByRE/MAX CROSSROADS REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,650
Property tax
$634
Heat allowance
$150
Housing costs
$9,434 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $338,000
25-yr amortization

Income needed

$290,000

gross annual household income

Payment at 4%
$7,112 / mo
Cash down
$338,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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