173 Elgin Mills Road W
Mill Pond, Richmond Hill
$1,188,000
Amazing Value for Investors and Developers. The Time to Buy Land is Now. Premium Quarter Acre Lot in Prime Richmond Hill. Possibilities are endless. Discover the Charm of this Original Home. Move in, Rebuild, Reface or Generate potential income with 2-unit setup. Close to Top Ranked Schools, Parks, Trails, Hospital, Library, and Downtown Richmond Hill.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $7,016 |
| Lot Size | 48.33 ft x 212.1 ft |
| mls© Number | N13746198 |
| Listed By | RE/MAX REALTRON REALTY INC. |
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%
- $6,081
- Property tax
- $585
- Heat allowance
- $150
- Housing costs
- $6,815 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$210,000
gross annual household income
- Payment at 4%
- $4,999 / mo
- Cash down
- $237,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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