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Rural Richmond Hill, Richmond Hill
$1,588,800
Location, Location! Attention Developers & Investors! An exceptional opportunity to secure a prime redevelopment lot with 100 ft frontage, located in one of Richmond Hill's next major intensification areas. This property offers tremendous flexibility and multiple value-add opportunities. Build a new custom home, renovate the existing structure for strong rental income, or incorporate the property into a future semi-detached redevelopment (plans attached).This property presents incredible investment upside for semi-detached or townhome development and allows you to be part of the major transformation of the Yonge & Stouffville corridor. When combined with the neighboring property at 67 Muirhead, the site offers the potential for an 18-19 unit redevelopment. when combined with next door you will have 200ft (Additional Assembly Opportunity. The neighbouring property at 67 Muirhead is exclusively available, creating the potential for a combined 200 ft frontage redevelopment site)A rare opportunity in a high-growth pocket of Richmond Hill with significant long-term upside. Don't miss out.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,920 |
| Lot Size | 100 ft x 190 ft |
| mls© Number | N13590174 |
| Listed By | REMAX 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%
- $8,132
- Property tax
- $410
- Heat allowance
- $150
- Housing costs
- $8,692 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$267,000
gross annual household income
- Payment at 4%
- $6,686 / mo
- Cash down
- $317,760
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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