



174/176 Weldrick Road W
North Richvale, Richmond Hill
$7,888,800
Attention Investors, Builders & Developers: Amazing opportunity to acquire an assembly of three parcels of land in one of the best locations in all of Richmond Hill. Addresses: 174, 176 & 178 Weldrick Road (The seller will retain 180 Weldrick once approvals are completed.)A rezoning application has been submitted for the development of: 12 detached building lots, or 12 triplex development units. All required studies and reports have been completed, creating a strong opportunity for developers looking to move forward in the current market. The site is located steps from Bathurst, close to community centers, shopping, public transportation, schools, and many other amenities. Take advantage of this rare development opportunity in a prime Richmond Hill location
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,200 |
| Lot Size | 201 ft x 322 ft |
| mls© Number | N12852046 |
| 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%
- $40,378
- Property tax
- $683
- Heat allowance
- $150
- Housing costs
- $41,212 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$1,268,000
gross annual household income
- Payment at 4%
- $33,197 / mo
- Cash down
- $1,577,760
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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