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MAY AVENUE, Richmond Hill (North Richvale), ON, L4C3S6
3 Beds
2 Baths
$2,180,000
Asking Price
Attention builders & investors!! Exceptional opportunity to build or renovate on this prime 76 x 163 ft lot in one of the area's most sought-after neighborhoods surrounded by multi-million-dollar homes! Existing detached bungalow with 3 bedrooms & 2 bathrooms offers incredible potential. Renovate or custom build a luxury residence tailored to your vision. Build a spacious home featuring a triple-car garage, U-shape driveway with several minor variances already approved, saving valuable time in the planning process. Large Lot, great location. Ideally located near Yonge, 16th Avenue, Highway 407 in a neighbourhood undergoing major transformation with gorgeous custom homes on nearly every street. Located on the quiet part of May Avenue. (id:24493) MLS® #N12982886 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
Recommended Strategy:
Property Type
Detached Bungalow
Status
Existing Home
Lot Size
(76*163)
Basement
Partially Finished
Separate Entrance
Yes
Strengths
• Location
• Existing minor variances approved
Weaknesses
• Age of property
Opportunities
• Potential for luxury renovation
• Demand in the area
Threats
• Competition from new developments
Down Payment
Canadian semi-annual compounding
Down
$436,000
Loan
$1,744,000
Monthly P+I
$11,682
= $436,000 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $2,180,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$11,682
Property Tax
$2,180
Total Out
$13,862
Rental In
$0
Net / Month
-$13,862
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted Jun 11, 2026 · 5 days ago
3 bd
·
2 ba
