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New2 days ago

42 Oak Avenue

South Richvale, Richmond Hill

$2,189,000

Detached|Bungalow
3 | 2 | 6
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$10,915
Lot Size45 ft x 241.5 ft
mls© NumberN13687174
Listed ByINTERCITY 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.

Down payment20% · $437,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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