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New2 days ago

56 May Avenue

North Richvale, Richmond Hill

$4,399,000

Detached|2-Storey
4 | 7 | 10
About this home

Elegant custom home offering over 7,600 sq. ft. of living space on a deep, wooded lot with exceptional privacy. Thoughtfully finished across all three levels with wainscotting, coffered ceilings, recessed lighting, and elegant Restoration Hardware chandeliers throughout. The open-concept layout includes a foyer with a glass-panel staircase, skylight, and adjoining library. The chef-inspired main kitchen features a large island, Wolf range, Sub-Zero refrigerator, and walkout to a patio with a covered porch. All four bedrooms are generously sized with spacious dressing areas and ensuites. The lower level offers a recreation room, wine cellar, second full kitchen equipped with Thermador appliances, second laundry room, infrared and red-light therapy sauna, and home theatre. Additional features include radiant heated floors, a heated driveway, two furnaces, and a security camera system.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age6-15
Size5000 + sq. ft.
Property Tax$19,759
Lot Size65 ft x 197 ft
mls© NumberN13772570
Listed ByCOMFREE

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%
$22,516
Property tax
$1,647
Heat allowance
$150
Housing costs
$24,313 / mo

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

Down payment20% · $879,800
25-yr amortization

Income needed

$748,000

gross annual household income

Payment at 4%
$18,512 / mo
Cash down
$879,800

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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