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New6 days ago

176 Weldrick Road W

North Richvale, Richmond Hill

$1,799,900

Detached|Backsplit 3
3 | 3 | 2
About this home

--Attention Investors, Builders & Developers! Welcome to 176 Weldrick Road West, Richmond Hill-an exceptional opportunity to acquire a property with potential for land assembly with neighbouring parcels to the west. Explore opportunities for a custom home, rental investment or larger residential redevelopment, subject to municipal approvals.The proposed assembly includes 174, 176 and 180 Weldrick Road West, following completion of approvals. A rezoning application has been submitted proposing either 12 detached building lots or 12 triplex buildings. Supporting studies and reports have been completed, offering a foundation for the next stage of development. Ideally situated near Bathurst Street, schools, community centres, shopping and public transit. A rare opportunity to explore redevelopment potential in a sought-after Richmond Hill neighbourhood. Assembly availability, application status and development permissions to be verified by the buyer.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$12,108
Lot Size74.99 ft x 322.65 ft
mls© NumberN14147226
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$9,213
Property tax
$1,009
Heat allowance
$150
Housing costs
$10,372 / mo

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

Down payment20% · $359,980
25-yr amortization

Income needed

$319,000

gross annual household income

Payment at 4%
$7,574 / mo
Cash down
$359,980

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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