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Mill Pond, Richmond Hill
$848,000
A rare opportunity to own on coveted Mill Street in the heart of Mill Pond - for under $1 million.You know the charming white house with the beautiful gardens? This is the one. Set in one of Richmond Hill's most loved neighbourhoods, this property offers an incredible opportunity to move in, invest, or start planning your future dream home.Enjoy the home as it is today, rent it out while you design your custom build, or take advantage of the property's long-term potential. The finished basement features an in-law suite, offering added flexibility for extended family, guests, or additional income.And the location is hard to beat. Just steps from Mill Pond and minutes to Yonge Street, restaurants, parks, top-ranked schools and everyday amenities - all surrounded by the character and charm that make Mill Pond such a sought-after place to call home.A special property, an exceptional location, and an opportunity to get onto Mill Street at a price rarely seen.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,690 |
| Lot Size | 51.19 ft x 83.82 ft |
| mls© Number | N13801066 |
| Listed By | LACEBY REAL ESTATE LIMITED |
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%
- $4,340
- Property tax
- $391
- Heat allowance
- $150
- Housing costs
- $4,881 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$150,000
gross annual household income
- Payment at 4%
- $3,569 / mo
- Cash down
- $169,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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