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New2 days ago

83 Moray Avenue

Oak Ridges Lake Wilcox, Richmond Hill

$1,199,000

Detached|2-Storey
3 | 4 | 8
About this home

Discover the possibilities at 83 Moray Avenue, situated on a generous 50 x 150 ft lot in the established Oak Ridges Lake Wilcox community. This detached two-storey home offers spacious principal rooms, a sunroom, mature trees and a large backyard, presenting an opportunity for buyers looking to renovate and create a home that reflects their own vision. Currently tenanted and requiring updates and renovations, the property also offers potential for investors seeking an opportunity in a desirable Richmond Hill neighbourhood. Enjoy convenient access to Lake Wilcox, scenic nature trails, parks, recreational facilities, schools, shopping and transit. Whether you're looking to renovate for personal use or explore its investment potential, this property offers plenty of possibilities in an established community. Photos are from a previous listing and may not reflect the property's current condition.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,771
Lot Size50.07 ft x 150.31 ft
mls© NumberN14031360
Listed ByRE/MAX EXPERTS

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%
$6,137
Property tax
$481
Heat allowance
$150
Housing costs
$6,768 / mo

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

Down payment20% · $239,800
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

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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