69 Elm Avenue
Langstaff, Richmond Hill
$1,428,000
Great Investment! Extremely bright sun filled property on a large lot with a huge backyard. Fantastic location in one of the most prestigious areas of Richmond Hill (Bayview Hunt Club) in desirable community of Langstaff. Situated among multimillion dollar homes. Long driveway that can accommodate 6 vehicles. large front porch. Desirable open concept layout with very large, combined living room / dining room, bright bay windows, hardwood floors and French doors. Spacious kitchen with breakfast area,built-in desk and a walk-out to a large concrete porch. Three separate entries. Direct access to the garage. Large family room with fireplace that includes a walk out to the patio. MOSTLY LAND VALUE.
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| Type | Detached |
| Style | Sidesplit 4 |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $9,625 |
| Lot Size | 56.33 ft x 181.5 ft |
| mls© Number | N13754432 |
| Listed By | HOMELIFE CLASSIC REALTY INC. |
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%
- $7,309
- Property tax
- $802
- Heat allowance
- $150
- Housing costs
- $8,261 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$254,000
gross annual household income
- Payment at 4%
- $6,009 / mo
- Cash down
- $285,600
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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