The Mills Collection Richmond Hill
New pre-construction detached home Centra Homes in Richmond Hill.
About The Mills Collection
Project highlights
- Development
- The Mills Collection
- Developer
- Centra Homes
- Location
- Richmond Hill — 485 Elgin Mills Road West, Richmond Hill
- Property type
- Detached Home
- Ownership
- Condominium / Freehold
- Sales status
- Coming Soon
- Starting price
- Contact for Pricing
- Occupancy
- TBD
The Mills Collection is a new pre-construction detached home Centra Homes in Richmond Hill. Through PreconFactory you get VIP access 30–60 days before public launch — that means first pick of the best units, the lowest pricing, and full incentive negotiation on your behalf.
Starting at Contact for Pricing, The Mills Collection is a strong choice whether you're buying to live in or as an investment. You lock in today's developer pricing while the property appreciates during the 3–5 year build period — leveraged returns that resale buyers simply can't access.
The Mills Collection is a sold out single family home community by Centra Homes at 485 Elgin Mills Road West, Richmond Hill. The Mills Collection has a total of 26 units.
Why Richmond Hill works
The Mills Collection sits at 485 Elgin Mills Road West, Richmond Hill. Affluent city on the Yonge corridor. Future Yonge North Subway extension, Hillcrest Village, and top-rated schools. A blend of urban convenience and suburban tranquility.
Richmond Hill keeps growing — new transit lines, more jobs, and rising household incomes. That's why pre-construction here makes sense. You're buying into a city on the upswing, at today's prices.
Why Richmond Hill is growing
- Premium location with excellent schools
- Yonge Street subway extension planned
- Stable, established community
- Good balance of affordability and quality
About Richmond Hill
Discover why Richmond Hill is an ideal location for pre-construction investment
About Richmond Hill: A Growing Community in the GTA
Richmond Hill is home to 202,000+, and steady growth with premium developments. Premium community with excellent schools Additionally, yonge street corridor - main commercial strip. Located in Richmond Hill, The Mills Collection offers residents a perfect blend of urban convenience and suburban comfort.
Oak Ridges Moraine - protected green space Strong family appeal
Transit & Connectivity
Richmond Hill is well-connected to the GTA through Future Yonge North Subway Extension subway lines. GO Train stations including Richmond Hill GO, Langstaff GO, Gormley GO provide 35-45 minutes to downtown toronto via go train. Major highways including Highway 404, Highway 407, Highway 7, Yonge Street ensure easy access throughout the region.
Lifestyle & Amenities
Residents of Richmond Hill enjoy access to excellent educational institutions including Top-rated York Region schools and Private schools, healthcare facilities like Mackenzie Health (Richmond Hill), and major shopping destinations such as Hillcrest Mall and Richmond Hill Centre. Popular parks include Richmond Green and Mill Pond.
Investment Potential & Growth
Average condo prices: $700,000-$1M. Annual appreciation: 6-8% Average rental yield: 3.5-4.5%. Premium market with stable demand Future developments include Yonge North Subway Extension and Richmond Hill Centre redevelopment, which will further enhance the area's appeal. Major employment centers include Corporate offices along Yonge Street and Highway 404 corridor, driving demand for housing.
Why Richmond Hill is Perfect for Pre-Construction Investment
Premium location with excellent schools Yonge Street subway extension planned Stable, established community Good balance of affordability and quality Strong family-oriented market Investing in pre-construction in Richmond Hill allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Excellent Transit
Well-connected to downtown Toronto and the GTA
Strong Growth
Consistent property value appreciation
Quality Living
Modern amenities and community infrastructure
Why pre-construction wins
Investment potential
The Mills Collection is priced below comparable resale homes in Richmond Hill. You lock in today's developer pricing, and by the time it's built (3–5 years), the market has typically appreciated 15–25% — free equity before you even close.
Developer confidence
Centra Homes has been building in the GTA for years — finishing on time and delivering quality homes that hold their value. That track record matters when you're committing this much capital.
View Centra Homes profile & projectsBuilding features
- Quality Construction
- • Architecturally designed elevations featuring quality stone, clay brick, stucco and other materials (as per plan/elevation).
- • Poured concrete basement walls with drainage membrane for a water tight finish and proper drainage.
- • Steel beam supports in basement.
- • Poured concrete porches, garage floors & cold cellars (as per plan).
- • Exterior house walls to be constructed with 2” x 6” framing.
- • Garage walls other than concrete walls to be drywalled and taped.
- • Quality self-sealing 25 year shingles.
- • Prefinished aluminum soffits, eaves trough, fascia and downspout.
- • Maintenance-free aluminum exterior railing (as per...
- Show more
Project visuals
The Mills Collection questions answered
What is the deposit structure for The Mills Collection?
The exact deposit schedule for The Mills Collection is set by Centra Homes and confirmed in the Agreement of Purchase and Sale. GTA pre-construction projects typically require a total deposit of 15–20% paid in stages over 18–24 months, but the specific milestones vary by builder and project. Contact PreconFactory for The Mills Collection's current deposit structure.
When is the occupancy date for The Mills Collection?
Occupancy for The Mills Collection has not been publicly confirmed by Centra Homes yet. Pre-construction projects in Richmond Hill typically deliver within 3–5 years of launch, but the exact date will be set in the Agreement of Purchase and Sale. Contact PreconFactory for the latest timeline.
Are assignment sales allowed at The Mills Collection?
Assignment policy is set project-by-project by Centra Homes. Many GTA pre-construction projects permit assignments (sometimes for a fee, sometimes free as a VIP incentive), but this is confirmed in the purchase agreement. Ask PreconFactory before you sign so we can confirm the current terms for The Mills Collection.
What are the closing costs for The Mills Collection?
Plan for roughly 3–5% of the purchase price in closing costs, including Land Transfer Tax (Ontario and, in Toronto, municipal LTT — first-time buyer rebates may apply), legal fees ($1,500–$2,500), development levies, and Tarion warranty enrolment. The exact levy caps and adjustments vary per project — PreconFactory can walk you through the current numbers for The Mills Collection.
Is The Mills Collection a good investment?
The Mills Collection by Centra Homes is priced at Contact for Pricing in Richmond Hill. Whether it's a fit depends on your budget, timeline, financing, and rental/hold plans — pre-construction returns are leveraged (you commit ~20% over two years) but not guaranteed. Contact PreconFactory for an ROI breakdown specific to your situation.
How do I buy The Mills Collection?
Register with PreconFactory for VIP Platinum access to The Mills Collection. You'll receive available floor plans, current developer incentives, mortgage broker introductions, and lawyer referrals. Our buyer service is free — the builder pays the buying agent's commission.
Who represents buyers at The Mills Collection?
PreconFactory is a licensed Ontario real estate brokerage offering Platinum-access representation on The Mills Collection and other GTA pre-construction projects. We negotiate on price, capped development levies, assignment rights, and upgrades on your behalf.
Helpful guides for buyers
First-Time Buyer Guide
Government incentives, deposit structures, and the step-by-step buying process.
Read guideMortgage Calculator
Estimate monthly payments, stress test qualification, and CMHC insurance.
Read guideLand Transfer Tax
Calculate closing costs including Ontario and Toronto LTT rebates.
Read guideInvestor's Handbook
ROI strategies, assignment sales, and cash-flow analysis for investors.
Read guideOther pre-construction in Richmond Hill
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