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New1 day ago

176 May Avenue

North Richvale, Richmond Hill

$2,080,000

Detached|Bungalow
3 | 2 | 8
About this home

Attention Builders & Investors: One of the final 76-foot lots remaining on the entire street! This exceptional 76 x 163 ft parcel is ready for a trophy custom build surrounded by multi-million-dollar estates. Fast-track your development timeline: key minor variances are already approved, saving months of planning and Committee of Adjustment delays. Approved plans allow for a grand luxury footprint featuring a triple-car garage and an expansive U-shaped circular driveway-a layout narrower lots cannot accommodate. The existing 3-bed, 2-bath bungalow offers potential for renovation. Prime location near Bathurst and Yonge, in an enclave undergoing rapid, high-end transformation. Landmark building opportunities of this width are virtually rare on this street. Don't miss the final footprint. Owner is flexible in providing a VTB.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$9,397
Lot Size75.62 ft x 162.89 ft
mls© NumberN14164024
Listed ByFOREST HILL REAL ESTATE INC.

Listing History

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  • 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%
$10,646
Property tax
$783
Heat allowance
$150
Housing costs
$11,579 / mo

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

Down payment20% · $416,000
25-yr amortization

Income needed

$356,000

gross annual household income

Payment at 4%
$8,753 / mo
Cash down
$416,000

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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