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Listed 8 days ago

612 Elgin Mills Road W

Westbrook, Richmond Hill

$2,225,000

Detached|2-Storey
5 | 5 | 11
About this home

Welcome to this exceptional executive home situated on an extra-wide 72.18 x 131.23 ft lot in a prime Richmond Hill neighbourhood. This impressive north-facing residence offers a rare combination of space, functionality and live/work potential. A circular driveway provides outstanding curb appeal and parking for up to 11 vehicles, complemented by a 3-car garage. Step inside to a grand central foyer, open to above and filled with natural light. The thoughtfully designed layout features a main-floor office and 6 bedrooms in total, including 2 bedrooms with private ensuites, offering excellent flexibility for large or multi-generational families. The finished basement apartment provides additional living space and versatile multi-area uses. The property offers a unique live/work-inspired environment with dedicated spaces that may be adapted for a home office or professional workspace, subject to applicable municipal requirements and approvals. A wheelchair porch lift located in the garage adds an important accessibility feature. Ideally positioned with convenient access to public transit, schools, parks, shopping and major commuter routes. Zoning: RS1. Buyers and Buyer's Agent are to conduct their own due diligence and confirm zoning, permitted uses and any intended use directly with the City of Richmond Hill. A distinctive opportunity to enjoy an executive residence with exceptional parking, generous interior space and flexible live/work possibilities in a highly convenient Richmond Hill location. Wheelchair Lift in the Garage

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$8,810
Lot Size72.18 ft x 131.23 ft
mls© NumberN13874232
Listed ByJVRE

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%
$11,389
Property tax
$734
Heat allowance
$150
Housing costs
$12,273 / mo

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

Down payment20% · $445,000
25-yr amortization

Income needed

$378,000

gross annual household income

Payment at 4%
$9,363 / mo
Cash down
$445,000

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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