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North Richvale, Richmond Hill
$1,880,000
Exceptional Opportunity for End-Users, Builders, and Investors! This rare offering features an impressive 80 ft frontage, combining two parcels (50' x 120' + 30' x 120') totaling approximately 9,600 sq. ft. The property presents excellent potential for severance into two 40' x 120' lots, ideal for constructing two separate custom homes, each approximately 3,250 sq. ft. with double car garage. Nestled on a quiet crescent in the highly sought-after North Richvale community of Richmond Hill, the existing residence offers a well-designed layout with spacious living and dining areas, an eat-in kitchen with walk-out to a deck and pergola, and a cozy family room with access to a private, beautifully landscaped backyard featuring a swimming pool. The main floor also includes a full bathroom and convenient side access to the yard. The upper level boasts three generously sized bedrooms and a large, tastefully renovated luxury bathroom. The lower level offers additional living space with a recreation room and an extra bedroom. Numerous upgrades have been completed, including custom European-style wood windows and metal gates. Ideally located close to a golf course, parks, top-rated schools, and shopping amenities. Please note: Photos are from previous listings. The Committee of Adjustment previously granted severance approval; however, it has expired and will require reapplication.
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| Type | Detached |
| Style | Sidesplit 3 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,626 |
| Lot Size | 80 ft x 120 ft |
| mls© Number | N13527524 |
| Listed By | CENTRAL HOME 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%
- $9,623
- Property tax
- $552
- Heat allowance
- $150
- Housing costs
- $10,325 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$318,000
gross annual household income
- Payment at 4%
- $7,911 / mo
- Cash down
- $376,000
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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