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New2 days ago

25 Oak Avenue

South Richvale, Richmond Hill

$1,588,000

Detached|2-Storey
4 | 5 | 6
About this home

Minutes To The Future Yonge Subway Extension, This Luxury Custom-Built Home Sits On A Premium 45x99 Ft Lot In Prestigious South Richvale. Renovated With 2024 Fresh Paint, Refinished Staircase And Basement Bathroom, Brand-new Dishwasher, Stove, And Range Hood, Plus A New A/C Installed In 2023. The Professionally Finished Basement Features A Walk-out To The Backyard, Where Mature Privacy Trees And An Oversized Deck Create An Idyllic Setting For Outdoor Family Gatherings. Oak Hardwood Floors Grace Both The Main And Second Levels. The Gourmet-Sized Kitchen, Complete With A Butler's Pantry, Is Made For Entertaining, While Every Second-floor Bedroom Offers The Luxury Of Its Own Walk-in Closet. A Four-car Parking Driveway Completes This Exceptional Residence. Highly Rated Schools Nearby, And Close To Yonge Street, Bus Stops, Hillcrest Mall, Parks, The Library, Restaurants, Highway 7 & 407, Walmart, Loblaws, Home Depot And More.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$11,265
Lot Size45.05 ft x 98.92 ft
mls© NumberN13857982
Listed BySMART SOLD REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,128
Property tax
$939
Heat allowance
$150
Housing costs
$9,217 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $317,600
25-yr amortization

Income needed

$284,000

gross annual household income

Payment at 4%
$6,683 / mo
Cash down
$317,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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