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South Richvale, Richmond Hill
$2,189,000
Welcome to 42 Oak Ave, ideally situated in the prestigious South Richvale community of Richmond Hill. This beautiful bungalow, built in 1999, sits on an impressive 45 * 241.5 ft lot, offering exceptional depth, privacy and endless possibilities.The home features a functional, spacious layout with excellent potential for those looking to renovate, modernize and create a truly customized residence in one of Richmond Hill's most sought-after neighbourhoods. Whether you envision a sophisticated contemporary update or a complete transformation, this property provides a fantastic foundation to bring your vision to life.The clean, unfinished basement offers a blank canvas ready to be completed to suit your personal needs-perfect for additional living space, a recreation room, home gym, office, theatre, or guest accommodations.Additional highlights include an attractive interlock driveway and convenient accessibility with a lift providing access from the garage into the home.A rare opportunity to own a bungalow on an exceptionally deep lot in prestigious South Richvale. Enjoy the existing home as-is, renovate to your taste, or explore the incredible future potential this property and location have to offer. Close to excellent schools, 407 ETR, parks, shopping, restaurants, transit and major highways.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $10,915 |
| Lot Size | 45 ft x 241.5 ft |
| mls© Number | N13687174 |
| Listed By | INTERCITY REALTY INC. |
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%
- $11,204
- Property tax
- $910
- Heat allowance
- $150
- Housing costs
- $12,264 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$377,000
gross annual household income
- Payment at 4%
- $9,212 / mo
- Cash down
- $437,800
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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