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New2 days ago

72 Walmer Road

North Richvale, Richmond Hill

$1,899,000

Detached|2-Storey
3 | 3 | 7
About this home

Imagine stepping out your back door and onto your own private nature walk, surrounded by mature trees, peaceful ravine views, and the beauty of nature in every season. Nestled on a quiet cul-de-sac in one of Richmond Hill's most sought-after neighbourhoods, this rare premium ravine lot offers an exceptional opportunity for homeowners, builders, and investors alike. While the frontage may appear modest from the street, the property expands dramatically toward the rear to an impressive 75.33 feet, creating a generous, flat building envelope ideal for a custom dream home. Backing onto a picturesque ravine, the property offers an extraordinary sense of privacy, tranquility, and connection to nature. Imagine morning walks among the trees, peaceful afternoons in your backyard, and the changing colours of the seasons right outside your door - all while enjoying the convenience of being close to top-rated schools, parks, shopping, and transit. The existing well-maintained 3-bedroom residence is comfortably livable, offering the flexibility to move in, rent it out, or hold the property while planning and designing your future home. Whether you envision a striking contemporary masterpiece or a timeless estate residence, this expansive property provides the perfect canvas to bring your vision to life. Opportunities to own a premium ravine lot of this size and calibre are rarely available. Secure your place on one of Richmond Hill's coveted streets and create a home where luxury, privacy, and nature come together. Lot is Irregular. Dimensions (as per MPAC) : 8.36 ft x 16.63 ft x 33.83 ft x 37.86 ft x 217.51 ft x 45.87 ft x 40.49 ft x 11.61 ft x 18.93 ft x 1.54 ft x 328.38 ft x 16.73 ft x 18.36 f. **Speak to LA lot widens to 75 ft (middle of the driveway)

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$11,225
Lot Size18.36 ft x 328.36 ft
mls© NumberN14031946
Listed ByHARVEY KALLES REAL ESTATE LTD.

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%
$9,720
Property tax
$935
Heat allowance
$150
Housing costs
$10,805 / mo

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

Down payment20% · $379,800
25-yr amortization

Income needed

$332,000

gross annual household income

Payment at 4%
$7,991 / mo
Cash down
$379,800

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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