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Mill Pond, Richmond Hill
$1,599,900
Rare opportunity in sought-after Heritage Estates at Mill Pond! Set on a quiet, tree-lined crescent, this impressive, detached home offers approximately 3,400 sq. ft. above grade on apremium lot. The spacious layout features 5 bedrooms and 4 bathrooms, including a main-floor bedroom ideal for guests, multigenerational living or a private home office. Enjoy an updated eat-in kitchen with granite counters, stainless steel appliances, cabinetry, backsplash and flooring, a large family room with big windows and fireplace, hardwood flooring on the mainand second levels, and granite counters in all four bathrooms. The generous primary bedroom includes a walk-in closet and ensuite with double sinks, shower and bathtub. Additional updates include roof shingles, windows, furnace and owned hot-water tank. A large, interlocked backyard framed by mature trees provides exceptional space for entertaining. Double garageplus parking for 5 vehicles on the driveway, with no sidewalk. Walking distance to Stavert Park tennis courts, playgrounds, Mill Pond trails and more. Outstanding future-use potential: City-reviewed permit drawings depict two proposed self-contained basement suites approximately 1,046 sq. ft. with 2 bedrooms and approximately 595sq. ft. with 1 bedroom each designed with a kitchen, bathroom, laundry and separate entrance. A separate City-reviewed drawing set depicts an approximately 508 sq. ft. second-flooraddition above the garage, designed as a guest room with washroom and balcony. No construction has commenced. Buyer to verify current permit status, approved scope, renewal requirements, zoning, construction feasibility, costs and all municipal requirements. Note: The photos have been virtually staged for illustration purposes only. Furnishings and decor shown are not currently present or included in the sale. HVAC/humidifier: Installed 2017 w/10 yrs waranty. Kitchen/appliances updated 2017. Roof done 2018 w/40-yrs waranty. Bath granite counters 2024.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 3000-3500 sq. ft. |
| Property Tax | $8,855 |
| Lot Size | 53.86 ft x 115.67 ft |
| mls© Number | N13650892 |
| Listed By | HOMELIFE FRONTIER REALTY INC. |
Listing History
- No recent sale history for this listing.
- 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%
- $8,189
- Property tax
- $738
- Heat allowance
- $150
- Housing costs
- $9,077 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$279,000
gross annual household income
- Payment at 4%
- $6,733 / mo
- Cash down
- $319,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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