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Oak Ridges, Richmond Hill
$1,648,000
Nestled in the prestigious Oak Ridges community on a premium 75 x 200 ft regular lot surrounded by multi-million-dollar custom estates, this exceptional property offers endless opportunities for investors, builders, and end-users alike. Move in, generate rental income, or build your dream custom luxury mansion in one of Richmond Hill's most sought-after neighbourhoods. The spacious home features multiple living areas including a family room, combined living/dining room, and a large great room addition with soaring cathedral ceilings. Several principal rooms have been converted into additional bedrooms, maximizing income potential and flexibility for large or multi-generational families. The eat-in kitchen includes upgraded stainless steel appliances, breakfast bar, pantry cupboards, and a main floor laundry room with separate side entrance. The finished basement with 3-piece washroom provides additional living space and versatility. Outside, enjoy a beautifully landscaped park-like backyard, terrace, and an extended driveway with parking for up to 7 vehicles. Ideally located minutes to Yonge Street, top-rated schools, parks, shopping, Lake Wilcox, Oak Ridges Community Centre, and transit. A rare opportunity to own a premium lot with outstanding future redevelopment and income potential. 1 year Canadian Home Shield SafeCloseTM Home Systems & Appliance Warranty Coverage.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,694 |
| Lot Size | 75 ft x 200 ft |
| mls© Number | N13159072 |
| Listed By | RE/MAX REALTRON 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%
- $8,435
- Property tax
- $641
- Heat allowance
- $150
- Housing costs
- $9,226 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$284,000
gross annual household income
- Payment at 4%
- $6,935 / mo
- Cash down
- $329,600
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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