3021 Richmond Road, Britannia Heights - Queensway Terrace N and Area, ON K2B 6S6

About this property

Investors & Developers Knock! Exceptional income producing asset with huge future development potential! Welcome to this 3+1 bedroom bungalow with Walkout Basement situated on a prime 85'x118' lot in a highly sought-after community of Britannia Heights. Currently offering excellent flexibility, you can decide whether you want to keep it operating as a duplex-style (generating approximately $4000 rental income) or redevelop in the future. New zoning is MS2, allowing for high-density development with a maximum building height of up to 30m. The main floor offers 1,394 sq. ft. living space (as MPAC) features quality finishes & numerous updates. The spacious, sun-filled eat-in kitchen offers solid wood cabinetry, SS appliances and abundant counter storage space. Conveniently open to the dining area, it creates a warm inviting space for family meals & entertaining. The bright elegant living room features a fireplace, providing a comfortable setting for relaxing & gatherings. Three generously sized bedrooms and a full bathroom complete the main level. The spacious primary bedroom provides direct access to a large deck overlooking the beautiful backyard, perfect for a morning coffee, afternoon tea, BBQs or enjoying a peaceful sunset. A separate entrance leads to the recently renovated lower level, featuring an oversized kitchen, spacious bedroom, living room, den, full bathroom& laundry area. This flexible space is ideal for extended family or additional income. Step outside to your private backyard retreat, complete with mature trees, perennial gardens, and multiple decks, offering plenty of space for outdoor relaxation & entertaining. Recent updates (2026), fresh paint throughout, lighting fixtures, vinyl flooring, basement Kitchen cabinetry and countertop, bathroom vanity etc.Property wired for EV charging.Whether you're looking for an income-producing property, a flexible multi-generational home, or a future development potential, this is an opportunity worth exploring!

Property facts & features

Days on market

Not reported

Property type

Detached

MLS® number

X13864076

Source status

New

Bedrooms

4

Bathrooms

2

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

K2B 6S6

Parking spaces

4

Garage

None

Lot depth (source units)

118.6

Annual property tax

5657

Basement

Finished with Walk-Out, Full

Laundry

Not provided

Interior features

In-Law Suite

Exterior features

Not provided

MLS entry age (not confirmed DOM)

27 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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