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Price Change$2,099,990

118 May Avenue

North Richvale, Richmond Hill

$1,999,900

Detached|2-Storey
4 | 5 | 8
About this home

Luxury 2-storey Home with beautiful Ravine views from the backyard and side yard! Located on prestigious MAY AVENUE that is considered one of the best streets to live in Richmond Hill (amongst many other high end multi-million dollar custom built homes). Finished walk-up basement with separate entrance , 2 bedrooms , kitchen & 3-piece bathroom. 9 Foot Ceilings On Main Floor. Upgraded white Kitchen With granite countertops & upgraded backsplash. Newer staircase pickets (2026). 5 washrooms in total. Newer master bedroom high end ensuite bathroom with glass shower & freestanding tub (2023). Hardwood flooring throughout main floor. Upgraded high end front door (2024). Smooth ceilings on main floor & 2nd floor. Upgraded Crown Mouldings. Upgraded Pot Lights. Large office on the main floor over looking ravine. Large deck in backyard & freshly painted in 2026. Interlock Drive Way With parking for 6 cars (8 cars in total with garage). Very Bright south facing exposure. Beautiful views on the ravine from backyard and side yard..... Excellent location in Richmond Hill near Yonge / 16th / Weldrick. Close To All Amenities such as Supermarkets, schools, parks, hospital, shops, malls, restaurants , viva transit.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$9,780
Lot Size50 ft x 125.88 ft
mls© NumberN13123034
Listed ByCENTURY 21 ATRIA REALTY INC.

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%
$10,236
Property tax
$815
Heat allowance
$150
Housing costs
$11,201 / mo

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

Down payment20% · $399,980
25-yr amortization

Income needed

$345,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$399,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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