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South Richvale, Richmond Hill
$1,588,000
Exceptional opportunity in prestigious South Richvale, situated on a premium oversized corner lot surrounded by multi-million dollar homes. This beautifully renovated bungalow offers outstanding versatility for end users, investors, or future redevelopment potential (buyer to verify all aspects independently including zoning and development feasibility).The main floor features a bright open-concept layout with hardwood floors, pot lights, and a renovated kitchen with granite countertops, stainless steel appliances, and ceramic flooring. Spacious principal rooms and a functional layout provide comfortable family living, including a primary bedroom with ensuite and additional well-sized bedrooms.The fully finished lower level offers two self-contained in-law suites, each with separate kitchens, bathrooms, laundry facilities, and private living areas. One suite includes 2 bedrooms, while the second offers 1 bedroom, both with large windows and excellent income potential.Professionally landscaped grounds include an interlock stone driveway and walkways with ample parking. Additional features include a fenced private yard, wired surveillance system, and energy-efficient upgrades including foam insulation. Move-in ready condition throughout.Prime location just steps to Yonge Street, transit, parks, schools, shopping, restaurants, and major highways.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,815 |
| Lot Size | 146.68 ft x 75 ft |
| mls© Number | N13492094 |
| Listed By | HOMELIFE/BAYVIEW REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,128
- Property tax
- $735
- Heat allowance
- $150
- Housing costs
- $9,013 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$277,000
gross annual household income
- Payment at 4%
- $6,683 / mo
- Cash down
- $317,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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