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South Richvale, Richmond Hill
$1,348,000
Price to sell welcome to 10 Park Lane Circle-a fully upgraded, turnkey masterpiece nestled in the heart of Richmond Hill's most prestigious enclave, South Richvale. This exceptional detached home offers the perfect blend of modern, functional family living, and an incredible income-producing opportunity. The property features two fully equipped kitchens and a highly functional layout. The main and upper levels boast a bright, sun-filled design featuring 3 spacious bedrooms, sleek hardwood floors, modern pot lights, and beautifully renovated bathrooms. The versatile family room offers incredible flexibility and can easily serve as a 4th bedroom to suit your family's needs. The main family-sized kitchen is a chef's dream, seamlessly flowing into elegant principal living spaces designed for effortless entertaining. The true showstopper is the fully finished, walk-out basement with its own separate entrance. Boasting a second full kitchen, a large living area, a generous bedroom, and a 3-piece ensuite, this entirely self-contained space yields phenomenal rental income potential of approximately $1,750 per month, or serves as an ideal multi-generational in-law suite. Step outside to your private, beautifully landscaped backyard retreat complete with an expansive entertaining deck. Situated on a quiet, family-friendly circle just minutes from top-ranking schools (Adrienne Clarkson PS & Langstaff SS), elite golf clubs, Richmond Hill GO Station, VIVA transit, Highway 407, and the premium shops and dining of Yonge Street. Schools & Amenities: Steps to top-ranked Adrienne Clarkson PS (French Immersion) and Langstaff SS. Close to private golf clubs, lush parks, and the best shopping/dining along Yonge St.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,618 |
| Lot Size | 27.35 ft x 109.63 ft |
| mls© Number | N13540494 |
| Listed By | SUTTON GROUP-ADMIRAL 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%
- $6,900
- Property tax
- $552
- Heat allowance
- $150
- Housing costs
- $7,601 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$234,000
gross annual household income
- Payment at 4%
- $5,673 / mo
- Cash down
- $269,600
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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