









11631 Leslie Street
Rural Richmond Hill, Richmond Hill
$1,690,000
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $7,603 |
| Lot Size | 100 ft x 250 ft |
| mls© Number | N13569330 |
| Listed By | RE/MAX CROSSROADS REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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