GENTRY CRESCENT, Richmond Hill (Crosby), ON, L4C2G9
6 Beds
2 Baths
2,500 sq ft
$1,548,000
Asking Price
Located just a 5-minute walk from Richmond Hill GO Station, with direct service to Union Station, this unique property offers endless possibilities. The two-story home provides approximately 2,500 sq ft of total living space and is currently configured as two fully furnished units, each with separate entrances making it ideal for long-term rentals, short-term rentals, or multi-generational living. With direct backyard access to the GO station parking lot, commuting couldn't be more convenient. The property sits on a prime lot approximately 55 feet wide and 102 feet deep. Both units span two floors and include kitchens and their own washer/dryer sets. The top unit features four bedrooms, one full bath, one half bath, and a beautiful skylight that fills the space with natural light. The second unit includes two bedrooms, one full bath, a bright above ground living area with large bay windows and spacious bedrooms with lots of natural sunlight. A detached garage with a keypad and automatic door opener adds further convenience. The layout offers incredible flexibility, you can live in one unit and rent the other, occupy both interconnected units for a larger living space, or rent both for income-generating potential. Alternatively, the lot's generous size makes it perfect for building your dream home, with the potential for approximately 3,000 to 4,300 sq ft above grade. This home is situated in a highly desirable area within walking distance to Bayview Secondary School and other top-rated schools. Public transit, Highway 404, and major retailers such as Walmart, Costco, FreshCo, and H-Mart are all just minutes away, enhancing its appeal to homeowners and investors alike. (id:24493) MLS® #N12313393 The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA
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Property Type
Two-story home
Status
Ready for occupancy
Square Feet
2,500 sq ft
Lot Size
55 feet x 102 feet
Parking
Detached garage with keypad and automatic door opener
Basement
None
Separate Entrance
Yes
Strengths
• Prime location near public transportation
• Income-generating potential
• Highly desirable area
Weaknesses
• Potential tenant vacancies
• Market fluctuations
Opportunities
• Growing demand for housing in Richmond Hill
• Potential for renovations and upgrades
Threats
• Competition from other properties
• Potential for changes in local zoning laws
Down Payment
Canadian semi-annual compounding
Down
$309,600
Loan
$1,238,400
Monthly P+I
$8,295
= $309,600 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $1,548,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$8,295
Property Tax
$1,548
Total Out
$9,843
Rental In
$0
Net / Month
-$9,843
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted May 27, 2026 · 20 days ago
6 bd
·
2 ba
·
2,500 sqft