197 Lucas Street
Mill Pond, Richmond Hill
$999,999
Welcome to this well-kept, move-in ready raised bungalow in the highly sought-after Mill Pond community! Featuring 3+1 bedrooms and 2 bathrooms, this home offers a bright and functional layout with large windows, hardwood floors, crown moulding, pot lights, and a cozy living room with a gas fireplace. The spacious eat-in kitchen includes stainless steel appliances and overlooks the sunroom and large backyard, perfect for year-round enjoyment. The finished basement features a separate self-contained apartment with its own entrance, ideal for extended family or potential rental income. Mature landscaping on a premium 50 x 125 ft. pool-sized lot. Situated in a family-friendly neighbourhood close to parks, high-ranked schools, public transit, steps to Yonge Street and all amenities. New roof in 2024.
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This seller is holding back offers
Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.
| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,926 |
| Lot Size | 50 ft x 125 ft |
| mls© Number | N13663042 |
| Listed By | NEW ERA REAL ESTATE |
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%
- $5,118
- Property tax
- $494
- Heat allowance
- $150
- Housing costs
- $5,762 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$177,000
gross annual household income
- Payment at 4%
- $4,208 / mo
- Cash down
- $200,000
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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