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New3 days ago

229 Harris Avenue

Jefferson, Richmond Hill

$2,880,000

Detached|2-Storey
3 | 4 | 8
About this home

Rare Opportunity in Prestigious Richmond Hill - Over 1 Acre Backing onto a Breathtaking Ravine! Along with a solid custom-built home offering 4 bedrooms and an expansive living and dining area. Already 3 AAA family tenants will stay, or vacant position. Zoning Approved for Six Semi-Detached Homes! This outstanding opportunity includes six fully serviced residential lots in the prestigiousJefferson community, approved plans for semi-detached homes of approximately 3,700 sq. ft. each. Servicing fees have been paid, andpre-approved architectural plans include separate basement entrances. Simply apply for your building permits and bring your vision to life! Enjoy a prime location surrounded by mature trees, upscale residences, and a serene natural setting, with convenient access to top-rated schools, parks, shopping, dining, and major transit routes. The property also offers excellent connectivity to Highway 404 via the full interchange at Stouffville Road. An additional overpass north of the site is currently under construction, further enhancing future accessibility. An exceptional opportunity for builders and investors to develop in a prestigious, high-demand Richmond Hill neighbourhood!

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$9,471
Lot Size155 ft x 289.25 ft
mls© NumberN14109114
Listed ByHOMELIFE GOLCONDA REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,741
Property tax
$789
Heat allowance
$150
Housing costs
$15,680 / mo

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

Down payment20% · $576,000
25-yr amortization

Income needed

$482,000

gross annual household income

Payment at 4%
$12,120 / mo
Cash down
$576,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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