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24 GENTRY CRESCENT Richmond Hill (Crosby), Ontario

GENTRY CRESCENT, Richmond Hill (Crosby), ON, L4C2G9

6 Beds

2 Baths

2,500 sq ft

Two-story home
Listed

$1,548,000

Asking Price

24 GENTRY CRESCENT Richmond Hill (Crosby), Ontario, photo 1
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About This Property

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 Analysis

Score: 0.8 / 10

Recommended Strategy:

Rental|Fix & Flip

Facts & Features

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

Business Case

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

Mortgage Calculator

Down Payment

0%
20%
50%
100%

Canadian semi-annual compounding

Down

$309,600

Loan

$1,238,400

Monthly P+I

$8,295

Cash Flow Analysis

= $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

NET / MO-$9,843

Enter rental income to activate the gauge

Asking Price

$1,548,000

Listed

Posted May 27, 2026 · 20 days ago

6 bd

·

2 ba

·

2,500 sqft

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