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New3 days ago

28 Lake Avenue

Oak Ridges Lake Wilcox, Richmond Hill

$1,150,000

Detached|1 1/2 Storey
3 | 2 | 6
About this home

Location, Lot Size & Future Potential! Situated on a deep 50 x 150 ft lot fully renovated, just the third property from Yonge Street in the heart of Oak Ridges. Surrounded by established neighbourhoods and current and future developments, this property offers exciting possibilities for homeowners and investors. This detached home features 3+2 bedrooms, hardwood floors, an updated kitchen and a Bright and tastefully renovated finished walk-up basement with a second kitchen and separate entrance, main floor has a spacious kitchen with newer appliances and cabinets. Spacious backyard with plenty of room to enjoy. Steps to transit, shopping and amenities, with Lake Wilcox, parks and schools nearby. Move in, renovate, invest or explore future redevelopment possibilities. A compelling opportunity in a growing Richmond Hill community!

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nest zoom realty
(416) 276-9973
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,444
Lot Size50 ft x 150 ft
mls© NumberN14108040
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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  • 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%
$5,886
Property tax
$370
Heat allowance
$150
Housing costs
$6,407 / mo

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

Down payment20% · $230,000
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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