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Mill Pond, Richmond Hill
$1,499,000
Excellent Investment Opportunity in Richmond Hill's Prestigious Mill Pond Community! This exceptional unique legal Duplex with an additional third In-Law Suite. A rare find property with two separate front doors side by side to main and 2nd floor' units with a walk-up separate Basement Unit on the side. Also can easily be converted to Single Family Home with Accessory Apartment with Separate Entrance. Upper and Lower Units currently being rented to marvelous tenants for more than 4 and 14 years. One could generate possibly and easily a market rental value of $6,000 per month with all 3 units making it ideal for investors or homeowners. Lots of natural light throughout main and second floor. Two bright spacious 2-bedroom units on the main and second floor. 1 bedroom with Den Basement unit has above grade windows. furnace (2023) and roof (2022). Set on a 62.5" x 90" lot, the property offers plenty of space, with garden shed, each unit is organized with its own garbage cabinet unit. A standout feature to green space and community amenities. Enjoy the convenience of being within walking distance to Mill Pond, scenic trails, and beautiful parks. Right behind Performance Art Centre on Yonge St and its Transits. Just Minutes to Mackenzie Health Hospital, Richmond Hill Library, top-rated Alexander Mackenzie High School, French Emerson school one block away, shopping, restaurants, and more! Don't miss this rare opportunity to own a versatile, income-generating property in one of Richmond Hills most sought-after neighborhoods!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,557 |
| Lot Size | 62.5 ft x 90 ft |
| mls© Number | N13564100 |
| Listed By | RE/MAX EXCEL REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,673
- Property tax
- $463
- Heat allowance
- $150
- Housing costs
- $8,286 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$255,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
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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