8 Elmsley Drive
Observatory, Richmond Hill
$1,588,800
4+2 bedroom, 4 bathroom home offers a functional layout in a highly sought-after Richmond Hill neighborhood. Close to Bayview Secondary School, parks, and many quality homes. Features include hardwood flooring, a bright family room with a wood-burning fireplace, and a spacious kitchen. The second floor offers generously sized bedrooms, including a large primary bedroom with a sitting area. The finished basement includes 2 bedrooms, a kitchen, and a bathroom, providing additional living space. The private backyard offers room to relax, garden, or entertain. A great opportunity in an established family-friendly neighborhood.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $7,879 |
| Lot Size | 47.87 ft x 103 ft |
| mls© Number | N13845102 |
| Listed By | GLOBAL BRICKS REALTY |
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%
- $8,132
- Property tax
- $657
- Heat allowance
- $150
- Housing costs
- $8,939 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$275,000
gross annual household income
- Payment at 4%
- $6,686 / mo
- Cash down
- $317,760
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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