Assignment Townhouse for Sale
Excerpt Unprecedented Luxury Distress Sale! Secure a massive 2,890 sq.ft. 4-bedroom estate at the prestigious King East Estates in Richmond Hill for significantly less than the original purchase price. Located at 416 King Road in the elite Oak Ridge neighborhood, this assignment sale is priced at $2,200,000, offering a rare chance to gain immediate equity […]
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Unprecedented Luxury Distress Sale! Secure a massive 2,890 sq.ft. 4-bedroom estate at the prestigious King East Estates in Richmond Hill for significantly less than the original purchase price. Located at 416 King Road in the elite Oak Ridge neighborhood, this assignment sale is priced at $2,200,000, offering a rare chance to gain immediate equity in one of the GTA’s most desirable communities.
Situated at 416 King Road, King East Estates offers an unparalleled lifestyle in the heart of Oak Ridge, Richmond Hill. This neighborhood is renowned for its perfect balance of natural beauty and urban sophistication, surrounded by lush conservation lands, top-tier golf courses, and the scenic Kettle Lakes. Residents enjoy quick access to Highway 400 and the Gormley GO Station, ensuring a seamless commute while living in a peaceful, upscale sanctuary.
This expansive luxury home, identified as Suite 117B, boasts a staggering 2,890 square feet of meticulously designed living space. Featuring 4 oversized bedrooms and 4 full washrooms, this residence is built to accommodate large families who demand both comfort and elegance. This property is currently being offered as a high-priority distress sale with an asking price well below the original purchase price, representing a significant financial advantage in today’s market.
The interior of this estate is defined by its grand proportions and functional flow. With four dedicated bathrooms, every bedroom offers a sense of privacy and luxury rarely found in standard developments. The open-concept main floor is ideal for hosting large gatherings, while the premium finishes typical of King East Estates ensure a modern, high-end aesthetic throughout. This is not just a home; it is a generational asset located in one of the most stable real estate pockets in Ontario.
At an asking price of $2,200,000, this 2,890 sq.ft. home is priced at approximately $761 per square foot—a remarkably aggressive price point for a luxury detached-style estate in Richmond Hill. Because the seller is highly motivated to assign this property below their initial investment cost, the incoming buyer inherits an incredible value proposition and a lower entry point into the luxury market.
416 King Road Unit 117B represents the ultimate combination of scale, prestige, and value. Opportunities to acquire a nearly 3,000 sq.ft. home in Richmond Hill at a distress-sale price are exceptionally rare. Whether you are looking for a sprawling family residence or a high-equity investment, this property stands out as the best-valued assignment in Oak Ridge. Contact us today to secure this below-purchase-price opportunity before it is gone!
300 Richmond St W #300, Toronto, ON M5V 1X2
inquiries@Condoy.com
(416) 599-9599
We are independent realtors® with Home leader Realty Inc. Brokerage in Toronto. Our team specializes in pre-construction sales and through our developer relationships have access to PLATINUM SALES & TRUE UNIT ALLOCATION in advance of the general REALTOR® and the general public. We do not represent the builder directly.
