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Listed 25 days ago

260 Douglas Road

Oak Ridges Lake Wilcox, Richmond Hill

$919,900

Detached|2-Storey
3 | 4 | 3
About this home

Charming Cape Cod-Style Detached Home Just Steps To Beautiful Lake Wilcox! Nestled On A Quiet Street In One Of Richmond Hill's Most Desirable Lake Communities, This Unique 3+1 Bedroom Home Offers A Cottage-Like Lifestyle With Deeded Lake Access And Stunning Lake Views From Multiple Rooms. Warm And Inviting Interior Features Wood Floors, Exposed Wood Beam Ceilings, A Sunken Living Room With Wood-Burning Fireplace, Separate Dining Area, And An Updated Eat-In Kitchen With Granite Countertops And Walk-Out To Deck. Spacious Primary Bedroom Includes Ensuite Bathroom And Walk-In Closets. Finished Basement With Separate Entrance, Additional Bedroom, 3Pc Bathroom, Heated Floors, And Living Area Offers Excellent Potential For In-Law Suite Or Extended Family Use. Enjoy Year-Round Outdoor Activities Including Walking Trails, Fishing, Kayaking, Windsurfing, And Winter Recreation Just Moments From Your Doorstep. Walking Distance To Transit, Shopping, Restaurants, Banks, And Amenities Along Yonge Street. Excellent Opportunity For End Users, Investors, Or Builders, With New Luxury Homes Currently Being Built On Similar Lots Nearby, Demonstrating Strong Redevelopment Potential In The Area

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,687
Lot Size31 ft x 100 ft
mls© NumberN13648070
Listed ByROYAL LEPAGE TERREQUITY CAPITAL 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%
$4,708
Property tax
$391
Heat allowance
$150
Housing costs
$5,249 / mo

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

Down payment20% · $183,980
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,871 / mo
Cash down
$183,980

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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