163 Elgin Mills Road W
Mill Pond, Richmond Hill
$1,188,000
Amazing Value for Investors and Developers. The Time to Buy Land is Now. Premium Quarter Acre Lot in Prime Richmond Hill. 52.8 x 225.1 FT, Possibilities are endless. Discover the Charm of this Original Home. Move in, Rebuild, Reface or Generate potential income with 2-unit setup. Buyer and Buyer's Agent to verify all measurements and retrofit compliance. Close to Top Ranked Schools, Parks, Trails, Hospital, Library, and Downtown Richmond Hill. **Photos Contain A.I Staging Effect**
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,729 |
| Lot Size | 52.8 ft x 225.1 ft |
| mls© Number | N13719126 |
| Listed By | RE/MAX REALTRON 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%
- $6,081
- Property tax
- $561
- Heat allowance
- $150
- Housing costs
- $6,791 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$209,000
gross annual household income
- Payment at 4%
- $4,999 / mo
- Cash down
- $237,600
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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