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Publicly listedPosted 2 months ago

35 Palace Court Richmond Hill (Doncrest), Ontario

Palace Court, Richmond Hill (Doncrest), ON, L4B4C3

Asking Price

$2,398,000

5

Beds

3

Baths

3,600

Sq ft

Detached

Type

Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.

About this property

Rare Opportunity with a 50 x 150 ft Lot! First time on the market, this impeccably maintained, original-owner ~3,600 sq. ft. detached home sits on a massive lot featuring an expansive, private backyard-an outdoor lover's dream! Grand double-door entry leads to a soaring foyer with a sweeping curved staircase, solid wood spindles, and a large skylight. Main level boasts hardwood floors, California shutters, a cozy fireplace, Artemide Giocasta chandelier, and a marble kitchen with built-in gas cooktop. Upper floor features 5 spacious bedrooms and 3 washrooms. Complete with Central Air, Central Vac, a double car garage, and a private 4-car driveway (6 parking total). Unfinished basement offers endless potential. Unbeatable Location: Near Bayview Ave, minutes to Hwy 407, steps to Hwy 7, Viva bus, parks & schools. Walk to Golden Court Plaza, future T&T supermarket, restaurants, banks, medical centre & pharmacy! (id:24493) MLS® #N13652072 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

5 / 10

Recommended strategy

Turnkey

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

Facts and features

Property type

Detached

Square feet

3,600 sq ft

Lot size

50 x 150 ft

Parking

double car garage + private 4-car driveway (6 total)

Basement

Unfinished

Separate entrance

No

Business case

Strengths

  • Well-maintained original-owner property
  • Spacious 5 bedrooms and 3 bathrooms on upper floor
  • Large 50x150 ft lot with expansive private backyard

Opportunities

  • Unfinished basement offers potential for expansion or secondary suite
  • Proximity to future T&T supermarket may increase neighborhood appeal

Weaknesses

  • None explicitly stated

Threats

  • None explicitly stated

Mortgage calculator

Full calculator

20.0%

0%
20%
50%
100%

Monthly payment (principal + interest)

$12,850

Down payment

$479,600

Mortgage amount

$1,918,400

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

%

= $479,600 · 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

$15,248/mo

Mortgage (P+I)

−$12,850

Property tax

−$2,398

Asking Price

$2,398,000

Interested in this property?

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

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