$999,900

For sale

79 Muirhead Crescent, Richmond Hill - Single Family for Sale

79 Muirhead Crescent, Richmond Hill, Ontario, L4E3M7

3 beds1 bath10 parking1,300 ft²100 × 190 ft (19,000 sq ft) lot sizeListed 23 days ago

Overview

This 3-bedroom, 1-bathroom home in Richmond Hill is for sale offering roughly 1,300 sq ft of space. Listed at $999,900, it is attractively priced about 40% below the $1,680,000 median asking price in Richmond Hill. It has been on the market 23 days, fresher than the Richmond Hill average of 57 days.

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Description

Location, Location! Attention Developers & Investors! An exceptional opportunity to secure a prime redevelopment lot with 100 ft frontage, located in one of Richmond Hill's next major intensification areas. This property offers tremendous flexibility and multiple value-add opportunities. Build a new custom home, renovate the existing structure for strong rental income, or incorporate the property into a future semi-detached redevelopment (plans attached).This property presents incredible investment upside for semi-detached or townhome development and allows you to be part of the major transformation of the Yonge & Stouffville corridor. When combined with the neighboring property at 67 Muirhead, the site offers the potential for an 18-19 unit redevelopment. when combined with next door you will have 200ft (Additional Assembly Opportunity. The neighbouring property at 67 Muirhead is exclusively available, creating the potential for a combined 200 ft frontage redevelopment site)A rare opportunity in a high-growth pocket of Richmond Hill with significant long-term upside. Don't miss out. (id:66096)

Property Details

MLS®: N14029192
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 1,300 ft²
Lot Size: 100 × 190 ft (19,000 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Other, Other
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 6 x 4.44 meters
Kitchen: 5.08 x 3.03 meters
Primary Bedroom: 3.84 x 3.68 meters
Bedroom 2: 3.89 x 2.46 meters
Bedroom 3: 3.87 x 3.48 meters

Lower level

Laundry room

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

Features

Flooring: Parquet
Foundation: Unknown
Exterior: Brick

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

Richmond Hill listings, avg age

57d

Price / ft²

$769

List price

$1000K

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 3-bed single family in Richmond Hill has been listed for 23 days, which is 34 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · EUGENIO STURINO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $999,900, about 7.9× the local median household income of $127,000.

Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 54% 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)

$999,900· $769/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,990

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($36,996 capitalized)

Property tax (est.)$393/mo

Total monthly$5,521

Cash Needed to Close

Down payment (7.50%)$74,990

Land transfer tax$16,473

Est. closing costs$5,500

Total cash needed$96,963

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