26 Elm Grove Avenue
Oak Ridges, Richmond Hill
$1,088,000
*Rare Richmond Hill Opportunity!* 2 + 2 Beds | 3.5 Bath | 50 x 209 ft Lot Newly renovated 2-story home featuring 4 spacious bedrooms & 3.5 bathrooms on an oversized 50 x 209 ft lot. Located in the most desirable part of Richmond Hill, with city confirmation for potential lot severance ( ask LA for PDF) offering exceptional investment and development potential. A perfect blend of modern living and future opportunity. Fridge(2025) /Dishwashers(2024) / Washer & Dryer(2025) / SS Stove 2024)
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,287 |
| Lot Size | 50 ft x 208 ft |
| mls© Number | N13755086 |
| Listed By | FOREST HILL REAL ESTATE 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%
- $5,569
- Property tax
- $524
- Heat allowance
- $150
- Housing costs
- $6,243 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$192,000
gross annual household income
- Payment at 4%
- $4,578 / mo
- Cash down
- $217,600
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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