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Rural Richmond Hill, Richmond Hill
$1,865,000
ONCE IN A LIFETIME opportunity to own an oasis in the historic Hamlet of Gormley, offering a balance of estate-style living with urban convenience. At just over an acre, the property boasts 155 ft of unobstructed, sunset-catching west exposure frontage overlooking rolling hills and extends approximately 330 ft in depth, creating a rare and expansive setting. The lot unfurls rearward to a flat, maturely treed, and rewardingly private backyard. The substantial lot dimensions may also present future redevelopment potential, including the possibility of severance into two residential building lots, subject to all required municipal approvals and due diligence by the purchaser. Nestled on a cul-de-sac with only two other homes, the mid-century bungalow features inviting curb appeal and awaits your vision. As the dwelling is not included in the inventory of heritage buildings of the Gormley Heritage Conservation District, substantial renovations or a new build are options. The two-storey barn-style outbuilding with approx. 800 Sq. Ft. footprint offers the possibility for a garden in-law or rental suite, workshop, or mancave/she-shed" 5 Farmer Court is superbly located just two minutes to the 404, Gormley GO, and under 10 minutes to retail, school and recreational amenities, yet is immersed in nature, from hummingbirds to hawks. Abundant perennial flower beds imbue a pastoral cottage-like charm. Endless possibilities. Your dreams are calling!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,642 |
| Lot Size | 156.58 ft x 334.91 ft |
| mls© Number | N13431166 |
| 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%
- $9,546
- Property tax
- $720
- Heat allowance
- $150
- Housing costs
- $10,416 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$320,000
gross annual household income
- Payment at 4%
- $7,848 / mo
- Cash down
- $373,000
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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