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Langstaff, Richmond Hill
$2,699,900
Outstanding Opportunity to Invest, Develop, Live In or Derive Income From This Well Maintained House Located on an Beautiful Treed & Private 83ft x 325 ft Estate Home Lot On A Sought After Prestigious Street in the Bayview & 16th Avenue Area. Surrounded By Multi Million Dollar Homes. The Property, Previously Renovated Has an Open Concept Floor Plan With Spacious Rooms Ideal For Entertaining. High Ceilings, Hardwood Floors, Circular Open Staircase, Custom Kitchen Cabinetry. Finished Basement with Separate Entrance, Family Room, Rec Room Plus Two Bedrooms and Lots of Storage. The Driveway is Renovated and Has Space for 8 Cars. Close to Schools, Stores, Transportation, 404/407. This Property has Great Potential to Build A Huge Home or Assemble Land For Development. This Property is Being Sold Under Power of Sale, "Where Is As Is". Attach Form 801 & Use Attached Documents & Sign Schedules B, C & D WITHOUT CHANGES. Allow 48 Hours Irrevocable.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $13,266 |
| Lot Size | 82.5 ft x 325 ft |
| mls© Number | N13565056 |
| Listed By | GET SOLD 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%
- $13,819
- Property tax
- $1,106
- Heat allowance
- $150
- Housing costs
- $15,075 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$464,000
gross annual household income
- Payment at 4%
- $11,362 / mo
- Cash down
- $539,980
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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