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New2 days ago

23 Denham Drive

South Richvale, Richmond Hill

$4,500,000

Detached|Bungalow
3 | 2 | 6
About this home

Location! Location! Location!!Sought after Prestigious, Picturesque and Upscale area of South Richvale in Richmond Hill, known for its exquisite and Luxurious Multi Million dollar Estate Homes. One of the most sought after areas in Greater Toronto. Builders, Investors, End Users, renovate to your taste or build your Dream Mansion on this South facing .56 Acre fabulous lot. Tranquility abounds here, with breathtaking rear yard views.Bright and charming brick bungalow now adorns the property.This beautiful property is located close to Yonge Street, Shops, Dining and Theatres. It has quick access to Downtown Toronto. Minutes to H/W #7, 407, 404, Langstaff Go Station, Go Transit and Viva Transit.It is close to Top Rated Schools, Private Schools and more. Nothing to wish for here! you have it all in this Fabulous Location!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$15,164
Lot Size100.09 ft x 243.15 ft
mls© NumberN13771654
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$23,033
Property tax
$1,264
Heat allowance
$150
Housing costs
$24,447 / mo

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

Down payment20% · $900,000
25-yr amortization

Income needed

$752,000

gross annual household income

Payment at 4%
$18,937 / mo
Cash down
$900,000

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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