197 Douglas Road
Oak Ridges Lake Wilcox, Richmond Hill
$1,930,000
Attention Developers, Builders & Investors! Rare Oversized Lot in Prime Richmond Hill ,Incredible opportunity to own an oversized 55 x 287 ft lot in one of Richmond Hills most desirable areas steps from Lake Wilcox. This property offers dual potential: Build your dream home now Unlock rear lot development as part of a future back-lot subdivision opportunity. Existing Home Features: Spacious 5-bedroom home, Finished basement with separate entrance ideal for in-law suite or rental income, Surrounded by mature trees and nature. Just a short walk to Sunset Beach and Lake Wilcox Whether you're looking to build now or land bank for future development, this is a rare find with huge upside in a high-demand neighborhood.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,716 |
| Lot Size | 55.92 ft x 287.61 ft |
| mls© Number | N13682022 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
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%
- $9,879
- Property tax
- $643
- Heat allowance
- $150
- Housing costs
- $10,672 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$328,000
gross annual household income
- Payment at 4%
- $8,122 / mo
- Cash down
- $386,000
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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