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South Richvale, Richmond Hill
$1,980,000
Situated on a premium corner lot surrounded by luxury estates in prestigious South Richvale, this beautifully updated bungalow offers incredible versatility for homeowners, investors, or redevelopment potential (buyers to verify zoning independently). The bright main floor features hardwood floors, recessed lighting, and a modern kitchen with granite countertops and stainless steel appliances, alongside spacious living areas and a primary bedroom with an ensuite. The fully finished lower level adds exceptional income or generational value with two self-contained suites-one 2-bedroom and one 1-bedroom-each complete with its own kitchen , bath, laundry, and large windows. Outside, enjoy a multi-vehicle interlock driveway, a private fenced yard, energy-efficient foam insulation, and a wired surveillance system. Everything is move-in ready, just steps from Yonge Street, transit (Richmond Hill Centre Terminal, GO station), parks, stop schools, and major highways (Hwy 407 & Hwy 7).
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $9,091 |
| Lot Size | 135 ft x 75 ft |
| mls© Number | N13768960 |
| Listed By | ROYAL STAR 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%
- $10,135
- Property tax
- $758
- Heat allowance
- $150
- Housing costs
- $11,042 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$340,000
gross annual household income
- Payment at 4%
- $8,332 / mo
- Cash down
- $396,000
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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