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Listed 14 days ago

32 Kirk Drive

Thornhill, Markham

$2,499,999

Detached|Bungalow
3 | 4 | 6
About this home

**Severed Double Lot in Prestigious Royal Orchard**investment and development opportunity in the highly sought-after Royal Orchard Golf Course community in Thornhill. This rare 100 x 150 ft. parcel has already received severance approval into two premium 50 x 150 ft. lots, offering the ideal opportunity to build two custom luxury homes in one of Thornhill's most prestigious neighborhoods.Currently improved with a well-maintained home generating approximately $6,000/month in rental income from A+ tenants in good standing, this property provides strong holding income while preparing for future development.each lot is capable of supporting a custom luxury residence ranging from approximately 3,500 to 5,000 sq.ft.Surrounded by multi-million-dollar estates in the prestigious Uplands area, the property features mature spruce trees creating a private, fully fenced backyard oasis. The generous lot depth allows for exceptional outdoor living possibilities, including pools, large entertainment areas, landscaped gardens, and spacious family-oriented outdoor spaces.Ideally located just steps from Yonge Street, with direct transit access to Finch Station and York University, and minutes to Highway 407, top-rated schools, golf courses, parks, shopping, skiing, and all major amenities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$8,438
Lot Size100 ft x 150 ft
mls© NumberN14122368
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$12,796
Property tax
$703
Heat allowance
$150
Housing costs
$13,649 / mo

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

Down payment20% · $500,000
25-yr amortization

Income needed

$420,000

gross annual household income

Payment at 4%
$10,520 / mo
Cash down
$500,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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