Gentry Crescent, Richmond Hill (Crosby), ON, L4C2G9
Asking Price
$1,548,000
6
Beds
2
Baths
2,500
Sq ft
Multi-unit home
Type
Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.
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
Opportunity score
0 / 10
Recommended strategy
Fix & Flip|Rental|TurnkeyAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Multi-unit home
Status
Available for sale
Square feet
2,500 sq ft
Lot size
55 ft x 102 ft
Parking
Detached garage
Basement
No basement mentioned
Separate entrance
Yes
20.0%
Monthly payment (principal + interest)
$8,295
Down payment
$309,600
Mortgage amount
$1,238,400
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $309,600 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$9,843/mo
Mortgage (P+I)
−$8,295
Property tax
−$1,548
Asking Price
$1,548,000
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