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Listed 9 days ago

126 Spruce Avenue

South Richvale, Richmond Hill

$1,890,000

Detached|Bungalow-Raised
3 | 3 | 8
About this home

Endless Potential in South Richvale! Huge 50'x241' Deep Lot | 2 Kitchens | Walk-Out Basement. Rare dual opportunity for premium builders, investors, & families in Richmond Hill's most prestigious pocket, surrounded by multi-million dollar estates. Meticulously maintained by the original owner, this solid home features nearly 3,000 sq ft of finished living space. Excellent multi-gen or income layout boasting a lower level with a separate entrance, full 2nd kitchen, and a bright walk-out. Builders: enjoy an ultra-deep, flat lot lined with mature trees-the perfect canvas for a custom luxury estate. Live in, rent out for high holding income, or build your dream home. New price structure in place. Highly motivated seller-bring an offer!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$10,147
Lot Size50 ft x 241.75 ft
mls© NumberN14137378
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$9,674
Property tax
$846
Heat allowance
$150
Housing costs
$10,669 / mo

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

Down payment20% · $378,000
25-yr amortization

Income needed

$328,000

gross annual household income

Payment at 4%
$7,953 / mo
Cash down
$378,000

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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