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New2 days ago

86 Riley Reed Lane

Rural Richmond Hill, Richmond Hill

$1,039,900

Freehold Townhouse|3-Storey
3 | 3 | 2
About this home

Welcome to 86 Riley Reed Lane! Upgraded Premium Corner-unit townhome in Richmond Hill's highly sought-after Jubilee Towns community, masterfully crafted by award-winning Arista Homes! Ideally situated in the desirable Richlands neighborhood. 1,925 sqft, 3+1 beds, 3 baths with extra windows on both exposures flooding every level with natural light. 9-ft ceilings on main & upper floors! Upgraded hardwood floors throughout. Open-concept main level flows effortlessly to a spacious covered balcony off the breakfast area - ideal for firing up the BBQ or unwinding no matter the season. Chef-inspired kitchen with quartz counters & ample cabinetry. Primary bed w/ 4pc ensuite w/ double sinks & glass shower. Bedroom 3 provides an additional 2nd private balcony adding an outdoor living space to the upper level. Rare main floor bedroom/den ideal for potential home office/business. Unfinished basement offers valuable storage space, keeping your main living areas clean and clutter-free. 2 parking spots (driveway & spacious garage). Minutes to Hwy 404, walking distance to Richmond Green Secondary School, Costco, Home Depot, neighborhood plazas & close to Richmond Green Sports Centre & Park for year-round recreation - this is Richlands living at its finest!

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BrokerHub Inc.
(647) 254-1864
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age0-5
Size1500-2000 sq. ft.
Property Tax$5,807
Lot Size34.3 ft x 52.09 ft
mls© NumberN14079758
Listed ByARMANI REALTY

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%
$5,323
Property tax
$484
Heat allowance
$150
Housing costs
$5,957 / mo

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

Down payment20% · $207,980
25-yr amortization

Income needed

$183,000

gross annual household income

Payment at 4%
$4,376 / mo
Cash down
$207,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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