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Listed 12 days ago

223 Richmond Street

Mill Pond, Richmond Hill

$1,249,000

Detached|1 1/2 Storey
3 | 2 | 7
About this home

Welcome to 223 Richmond Street, a rare opportunity in the heart of Richmond Hill's highly sought-after Mill Pond neighbourhood. Situated on an impressive 58 x 167 ft oversized lot, this 1.5 storey home (3-bed 1.5-bath) offers incredible potential in one of the area's most desirable communities. This charming property provides a great opportunity for those looking to move into this prestigious neighbourhood, personalize over time, and create a space that reflects their own vision. For investors, the functional layout and separate side entrance offer potential for additional living space or future basement conversion opportunities. For builders, renovators, or those dreaming of a custom home, this premium lot provides the perfect setting to bring that vision to life. Located steps from the scenic Mill Pond, surrounded by mature trees, parks, top-rated schools, Mackenzie Health hospital, transit, and the local conveniences of downtown Richmond Hill, this is an exceptional chance to own a piece of one of the community's most established and desirable neighbourhoods. Whether you're looking to renovate, invest, or build new, the possibilities are endless!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,408
Lot Size58 ft x 167 ft
mls© NumberN13599020
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$6,393
Property tax
$534
Heat allowance
$150
Housing costs
$7,077 / mo

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

Down payment20% · $249,800
25-yr amortization

Income needed

$218,000

gross annual household income

Payment at 4%
$5,256 / mo
Cash down
$249,800

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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