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Richmond Hill
$8,800,000
225 CARRVILLE ROAD, Richmond Hill, L4C6E4
MLS Number: N13652628
Beds
8
Baths
4
Listing
For Sale
Type
Detached
Square Feet
2,000 - 2,500
Rare development opportunity in the heart of Richmond Hill. 225 Carrville Road boastsapproximately 90 feet of frontage on Carrville Road and is subject to an advanced developmentapplication. Extensive planning, traffic, engineering and supporting technical work has alreadybeen completed in connection with the approval process. The sale will be conditional upon theSeller obtaining site plan approval. The existing detached dwelling provides valuable underlyingasset and holding value while approvals are finalized. An exceptional opportunity fordevelopers, builders and investors in one of Richmond Hill's most active redevelopment corridors.
Estimate Tool
Estimate monthly principal and interest, then add common carrying costs for a clearer planning number.
Down Payment
$1,760,000
Mortgage Amount
$7,040,000
Principal + Interest
$40,705 / mo
5-Year Term Payments
$2,442,313
Estimated Monthly Carrying Cost
$41,355
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
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If you are planning a purchase, it helps to understand the buyer process and keep your financing and closing documents organized.
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