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Price Change$1,488,000

18 Mayvern Crescent

North Richvale, Richmond Hill

$1,880,000

Detached|Sidesplit 3
3 | 2 | 4
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleSidesplit 3
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,626
Lot Size80 ft x 120 ft
mls© NumberN13527524
Listed ByCENTRAL 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.

Down payment20% · $376,000
25-yr amortization

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 check

Investment Analysis

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

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