





225 16th Avenue
Langstaff, Richmond Hill
$4,088,000
RARE DEVELOPMENT Opportunity on an approximately 100'x 300'lot (Aprox area 30,000 Sq ft) with Split R1/R6 Zoning. Property ideal for builders, developers, and land investors seeking future redevelopment or severance potential. Existing dwelling is being sold in "as is, where is" condition. Buyer to verify all zoning, permitted uses, lot creation, redevelopment potential, servicing capacity, and municipal approvals independently. Survey, zoning information, and other due diligence materials to be provided if available. Note similar properties on both sides Developed the existing town home complexes. Relevant Development documents and correspondence with the town and TRCA etc. on file. Survey on file (2018. A rare opportunity to acquire a premium-sized parcel in one of Richmond Hill's most desirable and evolving neighbourhoods. Please Do not enter the property without a confirmed showing.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $12,000 |
| Lot Size | 100 ft x 300 ft |
| mls© Number | N13587948 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
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%
- $20,924
- Property tax
- $1,000
- Heat allowance
- $150
- Housing costs
- $22,074 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$679,000
gross annual household income
- Payment at 4%
- $17,203 / mo
- Cash down
- $817,600
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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