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46 Roosevelt Drive

South Richvale, Richmond Hill

$3,788,000

Detached|Bungalow
3 | 2 | 6
About this home

1/2-acre lot available in South Richvale! Interested in building your own home? Discover this beautiful 1/2-acre lot available for sale in the exclusive community of South Richvale in Richmond Hill. This property is set back on a quiet section of the street conveniently located 5 minutes away from the Shuttle-direct to Pearson Airport, and four major transportation arteries (Yonge Street, Hwy7, 404 & 407). This old established neighbourhood is undergoing rapid change with older homes being bought up and replaced with custom-built multi-million-dollar mansions. This property is one of a few remaining large 1/2 acre lots available for sale in this prestigious South Richvale community. Boasting 100 feet width x 232.8 feet depth, this lot could accommodate a magnificent gated-stately Mansion, circular driveway, pool, and plenty of land to spare for your exclusive peace and privacy. There are no houses up against the back of this property; the house on the property behind is set an acre distance away, giving you an acre of depth between the two houses. Area by-laws allow this property to be subdivided into two separate 1/4-acre estate lots, or the property could serve as an investment in real estate $$$ in one of the best areas of South Richmond Hill/Richvale. Although there are commonly 50-foot-wide properties throughout the cities, the reality about large parcels of land is once they're gone, they're gone. This is an opportunity to build your dream home, entirely to your specifications. Rendered photos are provided for inspiration, showcasing the potential to build one expansive custom home or two separate residences on this unique lot.

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nest zoom realty
(416) 276-9973
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$11,085
Lot Size100 ft x 232.8 ft
mls© NumberN12942690
Listed ByRIGHT AT HOME REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$19,389
Property tax
$924
Heat allowance
$150
Housing costs
$20,462 / mo

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

Down payment20% · $757,600
25-yr amortization

Income needed

$630,000

gross annual household income

Payment at 4%
$15,941 / mo
Cash down
$757,600

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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