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New1 day ago

197 Garden Avenue

South Richvale, Richmond Hill

$1,999,000

Detached|2-Storey
4 | 4 | 6
About this home

Welcome To This Newly Custom-Built Luxury Detached Home In The Prestigious South Richvale Community Of Richmond Hill, Surrounded By Multi-Million-Dollar Residences And Located In One Of The Area's Most Desirable Neighbourhoods! Thoughtfully Designed With Modern Elegance And Quality Craftsmanship, This Home Offers A Perfect Balance Of Style, Comfort And Functionality For Everyday Living. Step inside to discover bright open-concept living spaces enhanced by engineered hardwood floors, designer lighting, and elegant architectural details. The living room features a dramatic natural stone slab fireplace wall, creating a striking focal point for sophisticated entertaining.The designer kitchen is a true showpiece, offering custom extended metallic-finish cabinetry, quartz countertops and backsplash, And Stainless Steel Appliances, While The Adjoining Breakfast Area Offers A Walk-Out To A Large Deck Overlooking Serene Greenery. A beautifully upgraded solid wood staircase with matching wood railings leads to the second floor. The upper level features four spacious bedrooms, including a primary suite with a private 4-piece ensuite. Two of the secondary bedrooms offer direct walk-out access to a shared balcony, providing a bright and relaxing outdoor space. The basement features a separate entrance and offers excellent potential for additional living space or rental income. It includes two separate rooms that can be used as bedrooms, living and dining room, a full kitchen, and a 3-piece bathroom. The laundry area is thoughtfully separated from the main living space for added convenience and privacy. Large windows bring in plenty of natural light, creating a bright and comfortable environment. This versatile lower level is ideal for extended family or for generating additional rental income. Ideally Located Just Steps To Top Schools, Parks, And The Public Library, This Exceptional Home Delivers Luxury Living In One Of Richmond Hill's Most Coveted Communities.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$11,774
Lot Size132.55 ft x 137.88 ft
mls© NumberN14034824
Listed BySMART SOLD REALTY

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,232
Property tax
$981
Heat allowance
$150
Housing costs
$11,363 / mo

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

Down payment20% · $399,800
25-yr amortization

Income needed

$350,000

gross annual household income

Payment at 4%
$8,412 / mo
Cash down
$399,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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