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Listed 1 month ago

29 Westwood Lane

South Richvale, Richmond Hill

$1,588,000

Detached|Bungalow
3 | 4 | 14
About this home

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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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,815
Lot Size146.68 ft x 75 ft
mls© NumberN13492094
Listed ByHOMELIFE/BAYVIEW REALTY INC.

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%
$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.

Down payment20% · $317,600
25-yr amortization

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 check

Investment Analysis

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

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