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Listed 2 months ago

10 Country Court

Oak Ridges, Richmond Hill

$3,188,800

Detached|2-Storey
0 | 0 | 8
About this home

ATTENTION DEVELOPERS, BUILDERS & INVESTORS! An exceptional opportunity to acquire a prime 2-acre redevelopment site in the heart of Oak Ridges, one of Richmond Hill's most desirable and established communities. Located on a quiet court within the prestigious Beaufort Hills subdivision, this unique offering consists of two existing serviced 1-acre estate lots known municipally as 9 Country Court and 10 Country Court. Each property contains an existing approximately 3,000 sq. ft. detached residence. A conceptual development plan up to 9 residential building lots through the extension of the existing road allowance, which currently terminates at the subject properties. The Sellers are selling the properties on an "as-is, where-is" basis with respect to development potential. The concept plans are for illustrative purposes only and have not received municipal approval. Purchasers must conduct their own independent due diligence and obtain all necessary approvals, permits, studies, servicing allocations, and development permissions at their sole cost and expense. As an added benefit, the Sellers are willing to lease back the existing homes and also will take back a vender talke back (VTB) while the Purchaser pursues the approval process. This is a rare opportunity to control a significant land assembly in an outstanding location backing onto town parkland, walking trails, and mature residential neighbourhoods, with convenient access to top-rated schools, transit, shopping, recreational facilities, and major transportation routes. NOTE: DO NOT WALK THE PROPERTY OR DISTURB THE HOMEOWNERS. ALL APPOINTMENTS MUST BE ARRANGED THROUGH THE LISTING BROKER.A truly exceptional redevelopment opportunity in one of the best locations Richmond Hill has to offer.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$9,892
Lot Size0.96 ft x 0.96 ft
mls© NumberN13440068
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$16,322
Property tax
$824
Heat allowance
$150
Housing costs
$17,296 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $637,760
25-yr amortization

Income needed

$532,000

gross annual household income

Payment at 4%
$13,419 / mo
Cash down
$637,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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