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Listed 2 months ago

72 Walmer Road

North Richvale, Richmond Hill

$1,899,000

Detached|2-Storey
3 | 3 | 7
About this home

Rare 328' Ravine Lot on Quiet Cul-de-Sac - Build or Renovate" premium lot on a quiet cul-de-sac in one of Richmond Hill's most sought-after neighbourhoods, this rare premium ravine lot presents an exceptional opportunity for homeowners, builders, and investors alike. While the frontage appears modest, the lot expands dramatically to an impressive 75.33 feet across the rear, offering a generous, flat building envelope ideal for a custom dream home. Surrounded by mature trees and backing onto a picturesque ravine, the property provides outstanding privacy, tranquility, and breathtaking natural views throughout the seasons. The existing well-maintained 3-bedroom residence is comfortably livable, allowing you to move in, rent out, or hold the property while planning and designing your future home. Whether you envision a contemporary architectural showpiece or a timeless estate residence, this expansive lot offers the perfect canvas to bring your vision to life. Enjoy the serenity of ravine living combined with convenient access to top-rated schools, parks, shopping, and transit. Premium ravine lots of this caliber are rarely offered for sale. Secure your place on one of Richmond Hill's most coveted streets and create the home you've always imagined. Lot is Irregular. Dimensions (as per MPAC) : 8.36 ft x 16.63 ft x 33.83 ft x 37.86 ft x 217.51ft x 45.87 ft x 40.49 ft x 11.61 ft x 18.93 ft x 1.54 ft x 328.38 ft x 16.73 ft x 18.36 f.**

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$11,225
Lot Size18.36 ft x 328.36 ft
mls© NumberN13418986
Listed ByHARVEY KALLES REAL ESTATE LTD.

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%
$9,720
Property tax
$935
Heat allowance
$150
Housing costs
$10,805 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $379,800
25-yr amortization

Income needed

$332,000

gross annual household income

Payment at 4%
$7,991 / mo
Cash down
$379,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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