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Listed 1 month ago

151 Richmond Street

Mill Pond, Richmond Hill

$1,249,900

Detached|1 1/2 Storey
3 | 2 | 5
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,370
Lot Size62.93 ft x 141.03 ft
mls© NumberN13518478
Listed BySTONECASTLE 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.

Down payment20% · $249,980
25-yr amortization

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 check

Investment Analysis

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

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