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Listed 3 months ago

221 Elgin Mills Road W

Mill Pond, Richmond Hill

$1,218,800

Detached|Bungalow-Raised
2 | 2 | 8
About this home

Welcome to this charming raised bungalow situated on a rare 50 x 226 ft lot in the prestigious Mill Pond neighborhood of Richmond Hill. Offering endless possibilities live in as-is, renovate, or build your dream home this property is a true gem for families and investors alike. Hardwood floors, and an eat-in kitchen overlooking the dining area with a walkout to the balcony. The main level boasts 2 bedrooms and a 4-piece bathroom, while the finished basement offers incredible versatility with a large recreation room, second kitchen, 3-piece bath, and laundry with cold storage. The expansive south-facing backyard provides ample space for outdoor living, landscaping, or future expansion. A 2-car detached garage plus parking for 6 vehicles ensures plenty of room for the whole family. Located in one of Richmond Hills most desirable communities, you're steps from Mill Pond Park, top-rated schools (St. Theresa of Lisieux CHS AP Program, Alexander Mackenzie HS IB Program), and all major amenities. Don't miss this exceptional opportunity in a sought-after location!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,350
Lot Size53.05 ft x 226.57 ft
mls© NumberN13146728
Listed ByREMAX YOUR COMMUNITY 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%
$6,238
Property tax
$613
Heat allowance
$150
Housing costs
$7,001 / mo

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

Down payment20% · $243,760
25-yr amortization

Income needed

$215,000

gross annual household income

Payment at 4%
$5,129 / mo
Cash down
$243,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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