New4 days ago
251 Richmond Street
Mill Pond, Richmond Hill
$1,088,000
Detached|2-Storey
2 | 2 | 4
About this home
Attention to builder, developer and homeowner, apportunity to own a property in highly desired Mill Pond neighborhood in Richmond Hill. Premium 62 x 150 ft lot. Committe of adjustment approved for a single building with 5294 SF gross floor area. A complete set of drawings is ready for building permit application.
Extras
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,925 |
| Lot Size | 61.83 ft x 150 ft |
| mls© Number | N13720228 |
| Listed By | REAL ONE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,569
- Property tax
- $577
- Heat allowance
- $150
- Housing costs
- $6,296 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $217,600
25-yr amortization
Income needed
$194,000
gross annual household income
- Payment at 4%
- $4,578 / mo
- Cash down
- $217,600
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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