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Listed 1 month ago

52 May Avenue

North Richvale, Richmond Hill

$2,265,000

Detached|Sidesplit
4 | 3 | 6
About this home

Top 5 Reasons You Will Love This Home: 1) Enjoy this rare premium corner lot with a large frontage, beautiful mature trees and endless opportunities to build a stunning new custom home, or enjoy as is, and redesign in the future 2) Featuring 4+1 bedrooms and 2,382 square feet of finished living space, this home offers plenty of room for the entire family, while the versatile lower level is equipped with a second kitchen, adding incredible flexibility, perfect for in-laws, extended family, or an excellent investment opportunity 3) Move-in ready and brimming with potential, this home showcases the flexibility to settle in comfortably, while updating at your own pace, or re-imagine the space entirely to bring your dream vision to life 4) Situated in a prime Richmond Hill location, close to Hillcrest Mall, Richvale Community Centre, Mackenzie Health Centre, schools, and Richmond Hill Golf Club, plus convenient access to Highway 404 and Highway 407, and all the amenities, transit, and restaurants that Yonge Street offers 5) The front yard offers a peaceful space while the treed backyard is a true retreat for hosting summer barbeques, relaxing with a morning coffee, or relaxing by a future pool, creating boundless potential and possibilities. 1,617 above grade sq.ft. plus a finished basement.

Extras

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleSidesplit
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$8,748
Lot Size83.38 ft x 142.05 ft
mls© NumberN13478146
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$11,593
Property tax
$729
Heat allowance
$150
Housing costs
$12,472 / mo

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

Down payment20% · $453,000
25-yr amortization

Income needed

$384,000

gross annual household income

Payment at 4%
$9,531 / mo
Cash down
$453,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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