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Mill Pond, Richmond Hill
$1,249,900
Exceptional opportunity on a huge 63' x 141' lot in the highly sought-after and mature neighborhood of Mill Pond. This rare corner oversized lot offers incredible potential for investors, builders, renovators, or first-time buyers looking to secure land in a premier setting. Driveway and front entrance located on quiet, cul de sac of Elmdale Court! The existing home features a modern kitchen, beautiful natural light throughout, and a spacious mudroom offering abundant storage - a practical and highly desirable layout for everyday living. The home's size is ideal for first-time buyers seeking a move-in-ready property with the added benefit of significant land value and future upside. Step outside to your own private backyard oasis, complete with a swimming pool and hot tub -perfect for entertaining, relaxing, and enjoying summer evenings at home. Move in and enjoy as-is, renovate to suit your vision, or explore redevelopment possibilities. Architectural drawings for a custom second-storey addition are available for illustrative purposes only and do not represent current permit approval. Buyers must verify all zoning, building code compliance, and permit requirements with the appropriate authorities.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,370 |
| Lot Size | 62.93 ft x 141.03 ft |
| mls© Number | N13518478 |
| Listed By | STONECASTLE REALTY GROUP 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%
- $6,398
- Property tax
- $614
- Heat allowance
- $150
- Housing costs
- $7,162 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$220,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $249,980
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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