New deals every week. Shop Deals →
Publicly listedPosted 5 months ago

24 Gentry Crescent Richmond Hill (Crosby), Ontario

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.

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

Opportunity score

0 / 10

Recommended strategy

Fix & Flip|Rental|Turnkey

Automated estimate generated from listing data. Not a property valuation or investment advice.

Facts and features

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

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

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 →

Cash flow analysis

Full rental analysis

/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

NET / MOAdd the rent

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

Interested in this property?

Get full details, or a cash offer if you're the owner.

Or call (647) 333-0170

More properties

View all
Buyers list · Free to join

Get Ontario deals in your inbox

Off-market homes, rentals and fixer-uppers, sent to buyers on our list as soon as they come in.

Houses, rentals, fixer-uppers and multi-units

Only the ones that match what you’re looking for

Free, and you can unsubscribe anytime

Join the buyers list

Tell us what you’re after. We’ll send the deals that fit.

What are you looking for?

Free. No spam. We never share your details.

How the buyers list works