$1,498,000

For sale

36 FERGUS Avenue North, Richmond Hill (Oak Ridges Lake Wilcox) - Single Family for Sale

36 FERGUS Avenue North, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3B7

2 beds2 baths5 parking1,300 ft²50 × 150 ft (7,500 sq ft) lot sizeListed 34 days ago

Overview

This 2-bedroom, 2-bathroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space. It has been on the market 34 days, fresher than the Richmond Hill average of 46 days.

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Description

Rare Opportunity In The Highly Sought-After Lake Wilcox Community! This Impressive 50 X 150 Ft Property Has Been Severed Into Two 25 X 150 Ft Lots, Offering The Potential To Build Approximately 2,300 Sq. Ft. On Each Lot. An Exceptional Opportunity For Builders, Investors Or Buyers Looking To Create Two Custom Homes In One Of Richmond Hill's Most Desirable Communities.Welcome To 36 Fergus Avenue, A Charming Detached Bungalow Situated On A Quiet, Family-Friendly Street Just Minutes From Beautiful Lake Wilcox. The Existing Home Features 2 Bedrooms And 2 Bathrooms With A Bright And Functional Layout, Spacious Living Area, Combined Kitchen And Dining Space, And A Walkout To A Large Private Backyard Surrounded By Mature Trees.Enjoy An Outstanding Family-Oriented Lifestyle With The Impressive Oak Ridges Community Centre Nearby, Offering Excellent Recreational Facilities And Programs. Only Minutes To Yonge Street For Shopping, Restaurants, Transit And Everyday Conveniences. Lake Wilcox Park Is Also Just Minutes Away, Featuring Tennis And Basketball Courts, Walking Trails By The Lake, Playground Areas And Plenty Of Fun Activities For The Entire Family.A Truly Unique Combination Of Development Potential, Location And Lifestyle In The Heart Of The Lake Wilcox Community! (id:66096)

Property Details

MLS®: N13857618
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 50 × 150 ft (7,500 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Ground level

Primary Bedroom: 3.84 x 3.23 meters
Bedroom 2: 2.62 x 2.29 meters
Family room: 3.96 x 3.84 meters
Kitchen: 2.39 x 2.3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater - Tankless, Water Heater
Flooring: Ceramic
Foundation: Concrete
Exterior: Aluminum siding
Lot Features: Conservation/green belt, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

34d

Richmond Hill (Oak Ridges Lake Wilcox) listings, avg age

46d

Price / ft²

$1,152

List price

$1.50M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Richmond Hill (Oak Ridges Lake Wilcox) has been listed for 34 days, which is 12 days fresher than the city average of 46. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · MEHDI SAYFFI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $1,498,000, about 11.8× the local median household income of $127,000.

Carrying it typically needs a household income of about $292,612 (20% down, 25-yr amortization, stress-tested) — roughly 130% above the area median.

Median household income: $127,000
Population: 54,606
Median age: 40.4
Owner / renter: 87% / 13%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4E)

$1,498,000· $1,152/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,800

Min 8.33%50%

Mortgage payment$7,613/mo

↳ CMHC premium ($54,928 capitalized)

Property tax (est.)$372/mo

Total monthly$7,985

Cash Needed to Close

Down payment (8.33%)$124,800

Land transfer tax$26,435

Est. closing costs$6,994

Total cash needed$158,229

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