$1,199,000

For sale

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83 Moray Avenue, Richmond Hill (Oak Ridges Lake Wilcox) - Single Family for Sale

83 Moray Avenue, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3E1

4 beds4 baths parking

159 Snively Street, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3E9

4 bd4 ba6 pk3,250 ft²Lot size 37 × 115 ft (4,301 sq ft)

9 Long Point Drive, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3W9

4 bd4 ba3 pk1,300 ft²Lot size 24 × 99 ft (2,403 sq ft)

Listed by HOMELIFE LANDMARK REALTY INC.

350 Sunset Beach Road, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3H9

For saleJust listed

2 days ago

$1.95M

350 Sunset Beach Road, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3H9

5 bd4 ba10 pk2,250 ft²Lot size 75 × 215 ft (16,125 sq ft)

Listed by RIGHT AT HOME REALTY

101 Old Colony Road, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3X2

For saleJust listed

3 days ago

$988K

101 Old Colony Road, Richmond Hill (Oak Ridges Lake Wilcox), Ontario, L4E3X2

2 bd2 ba5 pk1,300 ft²Lot size 39 × 110 ft (4,330 sq ft)

Listed by RIGHT AT HOME REALTY

Investment analysis

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$1,199,000

Richmond Hill

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50 × 150 ft (7,530 sq ft) lot size

Overview

This 4-bedroom, 4-bathroom home in Richmond Hill is for sale offering roughly 2,250 sq ft of space. Listed at $1,199,000, it is attractively priced about 16% below the $1,429,999 median asking price in Richmond Hill. It has been on the market 22 days, fresher than the Richmond Hill average of 46 days.

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Description

Discover the possibilities at 83 Moray Avenue, situated on a generous 50 x 150 ft lot in the established Oak Ridges Lake Wilcox community. This detached two-storey home offers spacious principal rooms, a sunroom, mature trees and a large backyard, presenting an opportunity for buyers looking to renovate and create a home that reflects their own vision. Currently tenanted and requiring updates and renovations, the property also offers potential for investors seeking an opportunity in a desirable Richmond Hill neighbourhood. Enjoy convenient access to Lake Wilcox, scenic nature trails, parks, recreational facilities, schools, shopping and transit. Whether you're looking to renovate for personal use or explore its investment potential, this property offers plenty of possibilities in an established community. Photos are from a previous listing and may not reflect the property's current condition. (id:66096)

Property Details

MLS®: N14031360
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 8
Interior Size: 2,250 ft²
Lot Size: 50 × 150 ft (7,530 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Finished, Full, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $5,770.79/yr
Listed: 22 days ago

Rooms

Main level

Living room: 6.65 x 3.83 meters
Dining room: 4.05 x 3.57 meters
Sunroom: 3.89 x 2.73 meters
Kitchen: 3.81 x 3.67 meters

Second level

Primary Bedroom: 4.72 x 3.94 meters
Bedroom 2: 4.52 x 3.94 meters
Bedroom 3: 3.93 x 3.29 meters

Basement

Kitchen: 5.61 x 3.81 meters
Recreational, Games room: 7.1 x 3.86 meters
Bedroom: 3.48 x 2.82 meters

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

Features

Flooring: Laminate, Carpeted
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

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

46d

Price / ft²

$533

List price

$1.20M

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 4-bed single family in Richmond Hill (Oak Ridges Lake Wilcox) has been listed for 22 days, which is 24 days fresher than the city average of 46. Act while there is still low competition.

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Listed by RE/MAX EXPERTS · FRANK CATANEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4E)

This home lists at $1,199,000, about 9.4× the local median household income of $127,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 84% 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)

$1,199,000· $533/ft²

For sale

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Full Cost Breakdown

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Down Payment7.91% · $94,900

Min 7.91%50%

Mortgage payment$6,121/mo

↳ CMHC premium ($44,164 capitalized)

Property tax (est.)$481/mo

Total monthly$6,602

Cash Needed to Close

Down payment (7.91%)$94,900

Land transfer tax$20,455

Est. closing costs$6,097

Total cash needed$121,452

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