









39 Oak Avenue
South Richvale, Richmond Hill
$1,772,900
Welcome to this exceptional detached bungalow located in the prestigious South Richvale community. Situated on an impressive 60 x 240 ft lot in one of the area's most desirable and mature neighbourhoods, this home offers a rare combination of spacious living, versatility, and excellent potential. Featuring a 200-amp electrical panel, an existing Tesla charging connection installed in the garage, a generous family-sized layout, a large kitchen, and an abundance of closet and storage space throughout. The finished walk-out basement features two separate basement units, each with its own separate entrance, offering excellent potential for additional rental income or extended family accommodations. Enjoy a prime location just steps to Yonge Street, with convenient access to shopping, restaurants, transit, parks, schools, and all amenities. A fantastic opportunity to own a well-positioned home on a premium-sized lot in a highly sought-after community.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $9,860 |
| Lot Size | 60 ft x 240 ft |
| mls© Number | N13643840 |
| Listed By | RE/MAX ACE REALTY INC. |
Listing History
- No recent sale history for this listing.
- 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%
- $9,075
- Property tax
- $822
- Heat allowance
- $150
- Housing costs
- $10,046 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$309,000
gross annual household income
- Payment at 4%
- $7,461 / mo
- Cash down
- $354,580
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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