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New5 days ago

245 Elmwood Avenue

Harding, Richmond Hill

$1,019,000

Detached|Bungalow
2 | 2 | 5
About this home

Stop Your Search - This Could Be the One! A fantastic opportunity to get into the market with a move-in-ready 2+1 bedroom bungalow on an extra-large lot! Renovated, spacious and full of potential, this home offers the perfect combination of comfortable living today and exciting possibilities for tomorrow.The bright, updated kitchen features plenty of cabinetry, generous counter space and newer appliances. Two well-proportioned bedrooms and a stylish bathroom with a walk-in shower make the main level both practical and inviting. The open-concept living and dining area provides plenty of space for entertaining, relaxing and growing with your family. Then there's the fully finished lower level with a separate entrance - a huge bonus! Featuring above-grade windows that bring in an abundance of natural light, a spacious family room, additional bedroom and newer 4-piece bathroom, the basement offers incredible flexibility. Think in-law suite, guest accommodations, additional family space or potential rental income.The extra-large lot adds another exciting dimension. Whether you enjoy the home as-is or dream about the future, there's plenty of room to explore options such as a second-storey addition or a completely new build down the road.Location? You're going to love it. Walk to the GO Station for an easy commute downtown, stroll to the fantastic restaurants, cafés and shops along Yonge, or jump in the car for all your big-box shopping needs. Everything you need is close by.It's the best of both worlds - a neighbourhood that feels peaceful and almost country-like, while the city is right at your doorstep.Move in. Grow into it. Build on it. The possibilities are endless!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,438
Lot Size50.12 ft x 210 ft
mls© NumberN13824940
Listed ByRE/MAX HALLMARK REALTY LTD.

Listing History

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  • 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%
$5,216
Property tax
$537
Heat allowance
$150
Housing costs
$5,902 / mo

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

Down payment20% · $203,800
25-yr amortization

Income needed

$182,000

gross annual household income

Payment at 4%
$4,288 / mo
Cash down
$203,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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