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Listed 13 days ago

261 Richmond Street

Mill Pond, Richmond Hill

$1,105,000

Detached|1 1/2 Storey
3 | 3 | 5
About this home

Perfectly Situated 3+1 Bedroom Detached Home In Prestigious Mill Pond * Rare Premium 62 x 147 Ft Lot With South Exposure * Sun-Filled Family Room W/ Wide Plank Espresso Hardwood Floors, Custom Built-Ins & Modern Marble-Style Fireplace Multi-Use Main Floor Room W/ Custom Murphy Bed and Large Dual Windows - Ideal For In-Law Suite or Home Office * Open Concept Dining Area W/ Pot Lights & Large Sliding Door Walk-Out To Extended Deck * Modern Custom Kitchen W/ Full-Height Cabinetry, Built-In S/S Appliances, Corian Quartz Countertops & Pantry Storage * Modern Glass Panel Staircase W/ Stainless Steel Railings * Primary Bedroom W/ Walk-In Closet * Spa-Inspired Ensuite Featuring Frameless Glass Shower, Double Vanity, Designer Tile & Large Window * Second Bedroom W/ Semi-Ensuite & Backyard Views * Custom Sliding Barn Door To Ample Storage * Separate Finished Basement W/ Full Kitchen, Spacious Rec Area, Bedroom & 4-PC Bath - Ideal For Extended Family Or Income Potential * Private Backyard Oasis W/ Expansive Raised Deck, Permanent Wood Gazebo & Mature Trees * Grid-Connected Roof Solar Panels Helping Reduce Monthly Utility Cost * Exceptional Location In The Heart Of Mill Pond - Walking Distance To Mill Pond Park, Scenic Trails, Top-Rated Schools, Mackenzie Health Hospital & Vibrant Yonge Street Amenities

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,963
Lot Size61.89 ft x 146.87 ft
mls© NumberN13597016
Listed ByHOMELIFE EAGLE 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%
$5,656
Property tax
$497
Heat allowance
$150
Housing costs
$6,303 / mo

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

Down payment20% · $221,000
25-yr amortization

Income needed

$194,000

gross annual household income

Payment at 4%
$4,650 / mo
Cash down
$221,000

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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