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Listed 12 days ago

387 Crosby Avenue

Crosby, Richmond Hill

$999,999

Detached|Bungalow
3 | 3 | 5
About this home

Rare Opportunity in Prime Richmond Hill! Exceptional premium lot with over 200 feet of depth, offering endless possibilities for investors, builders, or families looking to secure a property in one of Richmond Hill's most sought-after neighbourhoods. Located within the prestigious Bayview Secondary School catchment, one of Ontario's highest-ranked public high schools.This versatile home features two self-contained basement apartments, each with a separate entrance-one bachelor suite and one one-bedroom suite-providing outstanding income potential or the perfect mortgage helper.Ideally situated just minutes from shopping, restaurants, parks, schools, public transit, and with convenient access to Highway 404, this property combines an unbeatable location with exceptional lot value and future potential. Whether you're looking to live, invest, or build, this is an opportunity you won't want to miss. One of the units in the basement is tenanted.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,911
Lot Size44.25 ft x 226.93 ft
mls© NumberN13601898
Listed ByRE/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%
$5,118
Property tax
$493
Heat allowance
$150
Housing costs
$5,761 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$177,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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