$1,848,000Asking Price
75 Spruce Avenue, Richmond Hill, ON L4C 6V9
South Richvale, Richmond Hill
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.
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.
See MoreKey Info
- 2-Storey Detached
- 4-Car Driveway
- 2-Car Built-In Garage
- Carrville & Avenue Rd
- 2000-2500 Approximate Sq Feet
- 31-50 Years Approximate Age
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 45.02 x 241.94 Feet
- Brick Exterior
- Taxes were $10,289 in 2025
- Possession: Immediate/TBA
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #N13042658
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
How Far is Too Far?
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Who lives here?
South Richvale, Richmond Hill is a north GTA neighbourhood notable for its university grads and executives. It has a higher than average population of recent immigrants from Iran and those from Italy and Iran, and Italian, Persian and Russian speakers. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 29, 25 to 29 and 25 to 29 and seniors aged 65 to 74.
Families
Kids Per Family
1.3
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
38%
of residents are
single and loving it.
38% singles
Richmond Hill (39%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
14%
of residents
are renters.
14% renters
Richmond Hill (19%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
56%
of residents are
university grads.
56% university grads
Richmond Hill (54%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$189K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Management | 12% |
| Sales | 11% |
| Business | 11% |
| Government | 7% |
| Sciences | 7% |
Immigrants
57%
of residents were
born outside of Canada.
57% immigrants
Richmond Hill (59%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
14.9% from Iran
All-time
Birthplace - Recent
9.9% from Iran
Recent
Foreign Languages
Foreign Languages
| Persian | 16% |
| Mandarin | 10% |
| Italian | 9% |
| Russian | 6% |
| Cantonese | 5% |
Religions
Religions
| Christian | 51% |
| Muslim | 15% |
| Jewish | 9% |
| Hindu | 1% |
| Buddhist | 1% |
