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New6 days ago

525 Elgin Mills Road W

Mill Pond, Richmond Hill

$2,295,000

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

Rarely Offered Luxurious Home in the heart of Richmond Hill! Stunning 4 Bedroom, Approx. 4000sq ft of Luxury comfort. The basement can be renovated into a separate unit with an entrance in the mudroom. Wide entrance hallway as you walk in, Cathedral ceiling in the Den/Office, walk-in Pantry with coffee corner. 6-burner Kitchenaid stove range. Quartz countertop. 10ft Ceiling on main, 9ft on second, and 9ft basement (rare). An ensuite bedroom as well as a Jack-and-Jill bath for the other bedrooms. Master bath equipped with a freestanding tub, massive shower, and enclosed toilet. Master Bedroom features tray ceiling. Hardwood floor throughout. Driveway accommodates 6 vehicles. Minutes away from trails leading to Mill Pond Park, top tier schools, Many restaurants and supermarkets just minutes away. Bus stop 10 seconds away.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age6-15
Size3500-5000 sq. ft.
Property Tax$11,320
Lot Size51.44 ft x 119.03 ft
mls© NumberN13621712
Listed ByHOMELIFE BROADWAY 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%
$11,747
Property tax
$943
Heat allowance
$150
Housing costs
$12,840 / mo

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

Down payment20% · $459,000
25-yr amortization

Income needed

$395,000

gross annual household income

Payment at 4%
$9,658 / mo
Cash down
$459,000

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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