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New4 days ago

7 George Street

Oak Ridges, Richmond Hill

$799,900

Detached|Bungalow
2 | 1 | 4
About this home

Attention Builders & Investors! Welcome to an exceptional opportunity in the highly sought-after Oak Ridges community of Richmond Hill. Existing bungalow and detached garage is situated on an impressive 50 ft x 157.58 ft lot on a quiet street with peaceful views of the Oak Ridge Meadow across the street and new custom homes beside. Whether you're looking to build your dream home or invest for the future, this property provides endless possibilities. Location is a standout feature. Enjoy the convenience of being just a short walk to shops, public transit, restaurants, parks, services, and the many amenities along Yonge Street. Close to Hwys 404, 400 & 7 as well as Golf courses. Everything you need is close at hand, while the established Oak Ridges setting offers a welcoming community atmosphere and easy access to the broader Richmond Hill area. For builders, the expansive 50 x 157.58 ft lot presents an exciting opportunity to explore your vision. This is a chance to unlock value in an established and desirable neighbourhood. Don't miss this rare opportunity to own a generously sized lot with a detached bungalow and garage in Oak Ridges. Bring your imagination, ideas, and vision - the possibilities are yours to explore!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,492
Lot Size50 ft x 157.58 ft
mls© NumberN13782898
Listed ByRE/MAX HALLMARK REALTY LTD.

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%
$4,094
Property tax
$374
Heat allowance
$150
Housing costs
$4,619 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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